salesforce.com inc. (NYSE:CRM)‘s stock had its “conviction-buy” rating reiterated by investment analysts at Goldman Sachs Group Inc. in a note issued to investors on Friday, AR Network reports. They currently have a $60.00 price target on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 37.46% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of salesforce.com inc. to $58.00 in a research note to investors on Friday. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of salesforce.com inc. in a research note to investors on Wednesday.
One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. salesforce.com inc. has a consensus rating of “Buy” and a consensus price target of $122.09.
Shares of salesforce.com inc. (NYSE:CRM) opened at 43.65 on Friday. salesforce.com inc. has a 1-year low of $34.76 and a 1-year high of $47.58. The stock has a 50-day moving average of $43.57 and a 200-day moving average of $42.34. The company’s market cap is $25.754 billion. salesforce.com inc. also was the target of some unusual options trading activity on Tuesday. Stock investors acquired 13,299 call options on the stock. This represents an increase of 179% compared to the average volume of 4,769 call options.
salesforce.com inc. (NYSE:CRM) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ 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 $0.33 EPS for the current fiscal year.
In other salesforce.com inc. news, CFO Graham Smith unloaded 1,976 shares of salesforce.com inc. stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $43.15, for a total transaction of $85,264.40. Following the completion of the sale, the chief financial officer now directly owns 84,832 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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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