Share on StockTwits

A number of firms have modified their ratings and price targets on shares of salesforce.com, inc. (NYSE: CRM) recently:

  • salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $71.00 price target on the stock, down previously from $81.00.
  • salesforce.com, inc. had its “overweight” rating reaffirmed by analysts at Barclays. They now have a $63.00 price target on the stock, down previously from $69.00.
  • salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $65.00 price target on the stock, down previously from $80.00.
  • salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Deutsche Bank. They now have a $65.00 price target on the stock.
  • salesforce.com, inc. had its price target lowered by analysts at FBR Capital Markets from $80.00 to $72.00. They now have an “outperform” rating on the stock.
  • salesforce.com, inc. had its price target lowered by analysts at Needham & Company LLC from $80.00 to $70.00. They now have a “buy” rating on the stock.
  • salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $65.00 price target on the stock, down previously from $75.00.
  • salesforce.com, inc. had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $53.00 price target on the stock. Zacks‘ analyst wrote, “Salesforce’s adjusted loss per share in fiscal first-quarter 2015 compared unfavorably with the Zacks Consensus Estimate. Revenues, however, surpassed the consensus mark and increased on a year-over-year basis, primarily impacted by growth across all it business segments and Salesforce ExactTarget Marketing Cloud platform. The company provided a positive second-quarter revenues guidance and raised the fiscal 2015 guidance as well. The higher number of deal wins was encouraging and so were the geographical contributions. We consider the rapid adoption of Salesforce1 Customer Platform to be a positive for the company. However, competition from Oracle and SAP, continued weakness in Europe, currency headwinds and increasing investments could pose challenges, going forward. Thus, we reiterate our Neutral recommendation on Salesforce.”
  • salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Pivotal Research. They now have a $73.00 price target on the stock, down previously from $74.00.
  • salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Credit Suisse. They now have a $75.00 price target on the stock, down previously from $80.00.

salesforce.com, inc. (NYSE:CRM) opened at 54.40 on Friday. salesforce.com, inc. has a one year low of $36.09 and a one year high of $67.00. The stock’s 50-day moving average is $53.03 and its 200-day moving average is $56.38. The company’s market cap is $33.321 billion.

salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (NYSE:CRM), applications through the Internet or cloud.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.