Several analysts have recently updated their ratings and price targets for Salesforce.com (NYSE: CRM):

  • 11/15/2017 – Salesforce.com was given a new $130.00 price target on by analysts at Societe Generale. They now have a “buy” rating on the stock.
  • 11/13/2017 – Salesforce.com had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $120.00 price target on the stock, up previously from $110.00.
  • 11/10/2017 – Salesforce.com was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares Salesforce have slightly underperformed the industry in the last one year. Estimates of the world’s leading CRM platform provider have been stable lately ahead of the company’s Q3 earnings release. The company has positive record of earnings surprises in recent quarters. Nonetheless, we believe that stiff competition, currency fluctuations and an increase in investments for international expansions and data centers could negatively impact its near-term profitability. However, the company’s top-line results are likely to benefit from its diverse cloud offerings and strong spending on digital marketing. Additionally, strategic acquisitions and the resultant synergies are anticipated to prove conducive to growth over the long run. Furthermore, the company’s partnerships with the likes of Amazon and Alphabet will help it in expanding international business.”
  • 11/9/2017 – Salesforce.com is now covered by analysts at UBS AG. They set a “buy” rating on the stock.
  • 11/9/2017 – Salesforce.com had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 11/8/2017 – Salesforce.com had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $108.00 price target on the stock. They wrote, “We continue to view CRM as core cloud software platform. Salesforce appears well positioned to double revenue to more than $20B by FY22 as the leading digital platform for large B2B and B2C enterprises with multi-cloud software capabilities. AI is early, but has promising potential to accelerate share gains and enhance margins. Our price target of $108 is under review pending the reporting of quarterly earnings on Nov. 21. Brent Bracelin / 503.821.3893 [email protected] Alyssa Johnson / 503.821.3894 [email protected] Clarke Jeffries / 503.821.3954 [email protected] NYSE: CRM Rating: Overweight Price Target: $108.00 Price: $102.72 12/16 01/17 02/17 03/17 04/17 05/17 06/17 07/17 08/17 09/17 10/17 11/17 $140 $130 $120 $110 $100 $90 $80 $70 $60 CRM $102.72 (+35% Y/Y) Nasdaq (+31% Y/Y) Bull Case $130 (+27%) Bear Case $76 (-26%) Target $108 (+5%) Sources: Company reports, Thomson Reuters, KeyBanc Capital Markets Inc.””
  • 11/8/2017 – Salesforce.com was given a new $97.00 price target on by analysts at Jefferies Group LLC. They now have a “neutral” rating on the stock.
  • 11/8/2017 – Salesforce.com had its price target raised by analysts at BTIG Research to $120.00. They now have a “buy” rating on the stock.
  • 11/8/2017 – Salesforce.com had its price target raised by analysts at Stifel Nicolaus from $110.00 to $120.00. They now have a “buy” rating on the stock.
  • 11/8/2017 – Salesforce.com was given a new $110.00 price target on by analysts at Goldman Sachs Group, Inc. (The). They now have a “buy” rating on the stock.
  • 11/8/2017 – Salesforce.com was given a new $120.00 price target on by analysts at J P Morgan Chase & Co. They now have a “buy” rating on the stock.
  • 11/8/2017 – Salesforce.com had its price target raised by analysts at Deutsche Bank AG from $105.00 to $115.00. They now have a “buy” rating on the stock.
  • 11/8/2017 – Salesforce.com had its price target raised by analysts at Bank of America Corporation from $114.00 to $125.00. They now have a “buy” rating on the stock.
  • 11/8/2017 – Salesforce.com had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $108.00 price target on the stock.
  • 11/6/2017 – Salesforce.com was upgraded by analysts at Vetr from a “strong sell” rating to a “hold” rating. They now have a $104.56 price target on the stock.
  • 11/3/2017 – Salesforce.com had its price target raised by analysts at BMO Capital Markets from $105.00 to $112.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Salesforce.com had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $114.00 price target on the stock.
  • 11/2/2017 – Salesforce.com had its price target raised by analysts at Barclays PLC from $101.00 to $117.00. They now have an “overweight” rating on the stock.
  • 11/1/2017 – Salesforce.com had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $115.00 price target on the stock.
  • 11/1/2017 – Salesforce.com had its price target raised by analysts at Citigroup Inc. to $124.00. They now have a “buy” rating on the stock.
  • 10/31/2017 – Salesforce.com was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $90.51 price target on the stock.
  • 10/30/2017 – Salesforce.com is now covered by analysts at Guggenheim. They set a “buy” rating and a $125.00 price target on the stock.
  • 10/29/2017 – Salesforce.com had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $84.00 price target on the stock.
  • 10/20/2017 – Salesforce.com had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $109.00 price target on the stock.
  • 10/13/2017 – Salesforce.com was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $90.51 price target on the stock.
  • 10/11/2017 – Salesforce.com was downgraded by analysts at Vetr from a “hold” rating to a “strong sell” rating. They now have a $80.76 price target on the stock.
  • 10/6/2017 – Salesforce.com was upgraded by analysts at JMP Securities to a “positive” rating.
  • 10/3/2017 – Salesforce.com had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $105.00 price target on the stock, up previously from $100.00.
  • 10/1/2017 – Salesforce.com was given a new $110.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 9/26/2017 – Salesforce.com had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.

Shares of Salesforce.com Inc (NYSE CRM) traded up $0.45 on Wednesday, hitting $106.23. 4,366,800 shares of the stock traded hands, compared to its average volume of 4,365,185. Salesforce.com Inc has a twelve month low of $66.43 and a twelve month high of $106.38. The firm has a market capitalization of $76,460.00, a P/E ratio of 528.90, a price-to-earnings-growth ratio of 10.49 and a beta of 1.23. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.08.

Salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. sell-side analysts forecast that Salesforce.com Inc will post 0.4 earnings per share for the current fiscal year.

In related news, CFO Mark J. Hawkins sold 490 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $93.52, for a total value of $45,824.80. Following the completion of the sale, the chief financial officer now owns 14,886 shares in the company, valued at $1,392,138.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Parker Harris sold 8,027 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.75, for a total transaction of $744,504.25. Following the completion of the sale, the insider now owns 49,913 shares of the company’s stock, valued at approximately $4,629,430.75. The disclosure for this sale can be found here. Insiders have sold 543,693 shares of company stock valued at $52,973,919 in the last quarter. Insiders own 6.20% of the company’s stock.

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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