salesforce.com inc. (NYSE:CRM) had its target price lifted by Stifel Nicolaus from $60.00 to $65.00 in a research note released on Tuesday morning, ARN reports. They currently have a buy rating on the stock.
“On Monday, November 18, after the close, salesforce.com reported F3Q14 results that came in solidly ahead of expectations across all key metrics, including the all-important calculated bookings metric. With 130,000+ people pouring into San Francisco this week for Dreamforce, we expect investors to quickly move on from a healthy 3rd quarter and focus on key product and partner announcements from the Moscone Center.,” Stifel Nicolaus’ analyst commented.
In other salesforce.com inc. news, Insider Hilarie Koplow unloaded 2,333 shares of the stock on the open market in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $55.98, for a total value of $130,601.34. Following the completion of the sale, the insider now directly owns 93,152 shares in the company, valued at approximately $5,214,649. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of salesforce.com inc. from $57.00 to $66.00 in a research note to investors on Tuesday. They now have an outperform rating on the stock. Separately, analysts at Deutsche Bank reiterated a buy rating on shares of salesforce.com inc. in a research note to investors on Monday. They now have a $65.00 price target on the stock, up previously from $58.00. Finally, analysts at Macquarie raised their price target on shares of salesforce.com inc. from $50.00 to $60.00 in a research note to investors on Friday, November 15th. They now have an outperform rating on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $88.19.
Shares of salesforce.com inc. (NYSE:CRM) opened at 52.74 on Tuesday. salesforce.com inc. has a 1-year low of $36.09 and a 1-year high of $58.37. The stock has a 50-day moving average of $53.74 and a 200-day moving average of $46.33. The company’s market cap is $31.433 billion. salesforce.com inc. also was the recipient of unusually large options trading on Monday. Stock traders purchased 66,994 call options on the company. This represents an increase of 666% compared to the average volume of 8,748 call options.
salesforce.com inc. (NYSE:CRM) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.33 earnings per share. salesforce.com inc.’s revenue was up 36.5% compared to the same quarter last year. On average, analysts predict that salesforce.com inc. will post $0.34 earnings per share 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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