Investment Analysts’ Weekly Ratings Updates for Salesforce.com (CRM)

Several brokerages have updated their recommendations and price targets on shares of Salesforce.com (NYSE: CRM) in the last few weeks:

  • 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.
  • 9/11/2017 – Salesforce.com had its “buy” rating reaffirmed by analysts at Canaccord Genuity.
  • 9/10/2017 – Salesforce.com had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $105.00 price target on the stock.
  • 9/6/2017 – Salesforce.com is now covered by analysts at Moffett Nathanson. They set a “buy” rating and a $125.00 price target on the stock.

Shares of Salesforce.com Inc (CRM) opened at 102.34 on Wednesday. The firm’s market cap is $73.55 billion. The stock’s 50 day moving average price is $96.32 and its 200-day moving average price is $91.17. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $102.45.

Salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.09 by $0.24. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. On average, analysts forecast that Salesforce.com Inc will post $1.32 EPS for the current year.

In other Salesforce.com news, Chairman Marc Benioff sold 30,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $90.31, for a total value of $2,709,300.00. Following the transaction, the chairman now owns 34,195,300 shares in the company, valued at $3,088,177,543. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Parker Harris sold 8,027 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $90.29, for a total value of $724,757.83. Following the completion of the transaction, the insider now owns 49,913 shares in the company, valued at approximately $4,506,644.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 534,401 shares of company stock worth $51,388,116. 6.20% of the stock is owned by corporate insiders.

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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