salesforce.com inc. (NYSE:CRM) had its price target raised by MKM Partners from $54.00 to $67.00 in a research report released on Wednesday, AmericanBankingNews.com reports. The firm currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on CRM. Analysts at Barclays raised their price target on shares of salesforce.com inc. from $52.00 to $56.00 in a research note to investors on Tuesday. They now have an overweight rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of salesforce.com inc. from $57.00 to $60.00 in a research note to investors on Tuesday. They now have an outperform rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. salesforce.com inc. has a consensus rating of Buy and an average price target of $87.81.
In other salesforce.com inc. news, Insider Hilarie Koplow unloaded 2,333 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $55.98, for a total value of $130,601.34. Following the completion of the transaction, the insider now directly owns 93,152 shares of the company’s stock, valued at approximately $5,214,649. The sale was disclosed in a legal filing with the SEC, which is available at this link.
salesforce.com inc. (NYSE:CRM) traded up 0.24% on Wednesday, hitting $57.35. The stock had a trading volume of 1,958,120 shares. salesforce.com inc. has a 52-week low of $34.865 and a 52-week high of $57.76. The stock has a 50-day moving average of $53.40 and a 200-day moving average of $45.89. The company’s market cap is $34.181 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. Analysts expect that salesforce.com inc. will post $0.34 EPS 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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