salesforce.com inc. (NYSE:CRM) had its price target upped by FBR Capital Markets from $54.00 to $66.00 in a research note released on Tuesday, ARN reports. The firm currently has an outperform rating on the stock.
Shares of salesforce.com inc. (NYSE:CRM) opened at 49.91 on Tuesday. salesforce.com inc. has a 1-year low of $34.76 and a 1-year high of $54.25. The stock has a 50-day moving average of $49.48 and a 200-day moving average of $43.77. The company’s market cap is $29.746 billion.
salesforce.com inc. (NYSE:CRM) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue 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.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of salesforce.com inc. from $55.00 to $60.00 in a research note to investors on Thursday, September 26th. They now have an outperform rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of salesforce.com inc. from $50.00 to $55.00 in a research note to investors on Thursday, September 19th. They now have an outperform rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of salesforce.com inc. from $55.00 to $62.00 in a research note to investors on Thursday, September 19th. They now have a positive rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $94.42.
In other salesforce.com inc. news, Director Lawrence Tomlinson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $52.25, for a total value of $104,500.00. Following the sale, the director now directly owns 30,800 shares of the company’s stock, valued at approximately $1,609,300. The transaction was disclosed in a document filed 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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