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salesforce.com, inc. (NYSE: CRM) received a number of price target changes and ratings updates during the last week:

  • salesforce.com, inc. had its price target raised by analysts at Deutsche Bank from $65.00 to $70.00. They now have a “buy” rating on the stock.
  • salesforce.com, inc. had its price target raised by analysts at Pivotal Research from $70.00 to $71.00. They now have a “buy” rating on the stock.
  • salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Argus. They now have a $71.00 price target on the stock.
  • salesforce.com, inc. had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $63.00 price target on the stock. Zacks‘ analyst wrote, “Salesforce’s adjusted loss per share in second-quarter fiscal 2015 was wider than the Zacks Consensus Estimate. Revenues increased on a year-over-year basis, primarily due to growth across all it business segments. The company provided positive third-quarter revenue guidance and raised fiscal 2015 guidance as well. We consider the rapid adoption of Salesforce1 Customer Platform to be a positive for the company. Overall, the company’s diverse cloud offerings and strong spending on digital marketing remain catalysts. Although the company is growing reasonably in the cloud market, growth prospects have been rationalized to a considerable extent due to intensifying competition. Currency fluctuations and an increase in investments for international expansions and data centers could impact near-term results. Thus, we reiterate our Neutral recommendation on the stock.”

Shares of salesforce.com, inc. (NYSE:CRM) opened at 59.64 on Wednesday. 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 $54.63 and a 200-day moving average of $56.00. The company’s market cap is $36.799 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. On average, analysts predict that salesforce.com, inc. will post $0.51 earnings per share for the current fiscal year.

In other salesforce.com, inc. news, EVP Burke F. Norton sold 5,915 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $59.35, for a total transaction of $351,055.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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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