salesforce.com, inc. Receives “Buy” Rating from Argus (CRM)
salesforce.com, inc. (NYSE:CRM)‘s stock had its “buy” rating reaffirmed by equities researchers at Argus in a research report issued on Monday. They currently have a $71.00 price objective on the stock. Argus’ price objective suggests a potential upside of 18.73% from the company’s current price.
A number of other analysts have also recently weighed in on CRM. Analysts at Deutsche Bank raised their price target on shares of salesforce.com, inc. from $65.00 to $70.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Pivotal Research raised their price target on shares of salesforce.com, inc. from $70.00 to $71.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “positive” rating on shares of salesforce.com, inc. in a research note on Thursday, June 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. salesforce.com, inc. currently has an average rating of “Buy” and a consensus target price of $67.62.
In other salesforce.com, inc. news, CEO Marc Benioff sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $59.95, for a total value of $1,199,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
salesforce.com, inc. (NYSE:CRM) opened at 59.80 on Monday. salesforce.com, inc. has a 52-week low of $42.11 and a 52-week high of $67.00. The stock has a 50-day moving average of $54.43 and a 200-day moving average of $56.10. The company’s market cap is $36.897 billion.
salesforce.com, inc. (NYSE:CRM) last announced its earnings results on Thursday, August 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. Analysts expect that salesforce.com, inc. will post $0.51 EPS for the current fiscal year.
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.
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