salesforce.com inc. (NYSE:CRM) had its price objective raised by Pacific Crest from $57.00 to $60.00 in a research report released on Tuesday morning, AnalystRatings.Net reports. Pacific Crest currently has an outperform rating on the stock.
In other salesforce.com inc. news, Insider Hilarie A. Koplow unloaded 2,333 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $55.98, for a total transaction of $130,601.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
salesforce.com inc. (NYSE:CRM) traded up 1.08% on Tuesday, hitting $57.32. 1,296,120 shares of the company’s stock traded hands. salesforce.com inc. has a one year low of $34.84 and a one year high of $57.50. The stock’s 50-day moving average is $53.26 and its 200-day moving average is $45.8. The company’s market cap is $34.163 billion.
salesforce.com inc. (NYSE:CRM) last announced its earnings results on Thursday, August 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $957.00 million for the quarter, compared to the consensus estimate of $938.40 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. On average, analysts predict that salesforce.com inc. will post $0.34 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of salesforce.com inc. to $68.00 in a research note to investors on Thursday, November 7th. Separately, analysts at Wedbush raised their price target on shares of salesforce.com inc. from $40.00 to $50.00 in a research note to investors on Wednesday, November 6th. They now have a neutral rating on the stock. Finally, analysts at UBS AG raised their price target on shares of salesforce.com inc. from $55.00 to $65.00 in a research note to investors on Monday, November 4th. They now have a buy rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $87.81.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.