salesforce.com, inc. Given Consensus Recommendation of “Buy” by Analysts (NYSE:CRM)
Shares of salesforce.com, inc. (NYSE:CRM) have been given an average rating of “Buy” by the thirty-seven analysts that are covering the company, AmericanBankingNews.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $67.47.
A number of analysts have recently weighed in on CRM shares. Analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com, inc. in a research note on Monday. They now have a $63.00 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of salesforce.com, inc. in a research note on Monday. They now have a $71.00 price target on the stock. Finally, 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.
In other salesforce.com, inc. news, CEO Marc Benioff sold 20,000 shares of salesforce.com, inc. stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $59.95, for a total transaction of $1,199,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
salesforce.com, inc. (NYSE:CRM) opened at 59.23 on Friday. salesforce.com, inc. has a 52 week low of $42.11 and a 52 week high of $67.00. The stock’s 50-day moving average is $54.56 and its 200-day moving average is $56.01. The company’s market cap is $36.546 billion.
salesforce.com, inc. (NYSE:CRM) last announced its earnings results on Thursday, August 21st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue 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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