Zacks reiterated their neutral rating on shares of salesforce.com inc. (NYSE:CRM) in a research report released on Thursday morning, Analyst RN reports. Zacks currently has a $56.00 price objective on the stock.
Zacks has also updated their ratings on a number of other information technology stocks in the last week. The firm downgraded shares of TIBCO Software Inc. from an outperform rating to a neutral rating. Their analysts now have a $29.30 price target on that stock. Also, Zacks downgraded shares of Autodesk Inc. from a neutral rating to an underperform rating. Their analysts now have a $38.00 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of TiVo Inc.. They have a $14.00 price target on that stock.
In other salesforce.com inc. news, CFO Graham Smith unloaded 11,268 shares of the company’s stock on the open market in a transaction dated Thursday, November 21st. The stock was sold at an average price of $54.08, for a total value of $609,373.44. The transaction was disclosed in a document filed with the SEC, which is available at this link.
salesforce.com inc. (NYSE:CRM) traded up 0.46% during mid-day trading on Thursday, hitting $54.69. 632,050 shares of the company’s stock traded hands. salesforce.com inc. has a 52-week low of $36.09 and a 52-week high of $58.37. The stock has a 50-day moving average of $53.81 and a 200-day moving average of $46.44. The company’s market cap is $32.595 billion.
salesforce.com inc. (NYSE:CRM) last announced its 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.
CRM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity set a $65.00 price target on shares of salesforce.com inc. in a research note to investors on Tuesday. Separately, analysts at Barclays set a $68.00 price target on shares of salesforce.com inc. in a research note to investors on Tuesday. Finally, analysts at UBS AG raised their price target on shares of salesforce.com inc. from $20.00 to $66.00 in a research note to investors on Tuesday. They now have a neutral rating on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $82.79.
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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