Analysts’ Recent Ratings Changes for salesforce.com, inc. (CRM)

salesforce.com, inc. (NYSE: CRM) has recently received a number of price target changes and ratings updates:

  • 3/20/2017 – salesforce.com, inc. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $93.31 price target on the stock.
  • 3/20/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $92.00 price target on the stock.
  • 3/16/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Wedbush.
  • 3/11/2017 – salesforce.com, inc. had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $88.00 price target on the stock, up previously from $80.00.
  • 3/8/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $100.00 price target on the stock.
  • 3/8/2017 – salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $95.00 price target on the stock.
  • 3/8/2017 – salesforce.com, inc. had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $107.00 price target on the stock.
  • 3/8/2017 – salesforce.com, inc. was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $93.31 price target on the stock.
  • 3/8/2017 – salesforce.com, inc. was given a new $95.00 price target on by analysts at Pacific Crest. They now have a “buy” rating on the stock.
  • 3/3/2017 – salesforce.com, inc. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Salesforce is the leading provider of on-demand Customer Relationship Management software. We consider the rapid adoption of Salesforce1 Customer Platform to be a positive. Overall, the company’s diverse cloud offerings and considerable spending on digital marketing remain catalysts. Moreover, strategic acquisitions and the resultant synergies are expected to benefit over the long run. Although the company is growing reasonably in the cloud market, growth prospects have been rationalized to a considerable extent due to intensifying competition from International Business Machines, Oracle Corp. and SAP SE. Moreover, currency fluctuations and stepped-up investments in international expansion and data centers could impact near-term results. Notably, the company has underperformed the broader market over the past year.”
  • 3/3/2017 – salesforce.com, inc. had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $89.00 price target on the stock.
  • 3/3/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $95.00 price target on the stock.
  • 3/2/2017 – salesforce.com, inc. was given a new $98.00 price target on by analysts at Societe Generale. They now have a “buy” rating on the stock.
  • 3/2/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $102.50 price target on the stock.
  • 3/1/2017 – salesforce.com, inc. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock.
  • 3/1/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $102.00 price target on the stock, up previously from $98.00.
  • 3/1/2017 – salesforce.com, inc. had its price target raised by analysts at Stifel Nicolaus from $93.00 to $100.00. They now have a “buy” rating on the stock.
  • 3/1/2017 – salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $100.00 price target on the stock. They wrote, “We believe Salesforce will slightly exceed our 4Q:FY17 revenue estimate of $2.277 billion (up 26% YoY; Street is at $2.275 billion) and at least meet our EPS projection of $0.25 (Street is also at $0.25). Recall, Salesforce’s 4Q:FY17 outlook calls for sales of $2.267-2.277 billion and non-GAAP EPS of $0.24-0.25. Our 4Q:FY17 revenue forecast calls for a 6% QoQ revenue growth and inline with average increase over the past five years. For 4Q:FY17, we are modeling subscription and support revenue of $2.106 billion (up 25% YoY) and professional services and other revenue of $171.0 million (up 35%).””
  • 3/1/2017 – salesforce.com, inc. was given a new $96.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “buy” rating on the stock.
  • 3/1/2017 – salesforce.com, inc. was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $93.31 price target on the stock.
  • 2/28/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $90.00 price target on the stock.
  • 2/28/2017 – salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $95.00 price target on the stock.
  • 2/27/2017 – salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Wunderlich. They now have a $101.00 price target on the stock.
  • 2/22/2017 – salesforce.com, inc. had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $92.00 price target on the stock.
  • 2/22/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at William Blair.
  • 2/22/2017 – salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $95.00 price target on the stock.
  • 2/22/2017 – salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $90.00 price target on the stock.
  • 2/17/2017 – salesforce.com, inc. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $96.64 price target on the stock.
  • 2/17/2017 – salesforce.com, inc. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock.
  • 2/16/2017 – salesforce.com, inc. was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $91.31 price target on the stock.
  • 2/16/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $98.00 price target on the stock.
  • 2/16/2017 – salesforce.com, inc. had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $95.00 price target on the stock.
  • 2/15/2017 – salesforce.com, inc. is now covered by analysts at Needham & Company LLC. They set a “hold” rating on the stock.
  • 2/6/2017 – salesforce.com, inc. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock. According to Zacks, “Salesforce is the leading provider of on-demand Customer Relationship Management (CRM) software. Acquisitions have always been one of Salesforce’s key growth strategies. In the last one and half years, the company has closed a number of takeovers worth over $4 billion. Salesforce provided a strong outlook for the forthcoming quarter and raised its full fiscal revenues and non-GAAP earnings guidance range. The company’s announcement of achieving $10 billion in sales in fiscal 2018 was also encouraging. We believe that Salesforce’s strategic acquisitions and diverse cloud offerings will help it in achieving this target on time. Notably, the company has outperformed the broader makert over the past one year.”
  • 2/1/2017 – salesforce.com, inc. was downgraded by analysts at Goldman Sachs Group Inc from a “conviction-buy” rating to a “buy” rating. They now have a $96.00 price target on the stock, up previously from $79.10.
  • 1/31/2017 – salesforce.com, inc. had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $90.00 price target on the stock.
  • 1/23/2017 – salesforce.com, inc. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $88.96 price target on the stock.

salesforce.com, inc. (NYSE:CRM) traded down 0.16% during midday trading on Monday, reaching $82.90. 3,823,423 shares of the company’s stock were exchanged. The stock has a market capitalization of $58.65 billion, a price-to-earnings ratio of 318.85 and a beta of 1.42. The stock’s 50-day moving average is $81.59 and its 200-day moving average is $75.38. salesforce.com, inc. has a 12-month low of $66.43 and a 12-month high of $84.48.

salesforce.com, inc. (NYSE:CRM) last announced its quarterly earnings results on Tuesday, February 28th. The CRM provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. The firm earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the company earned $0.19 EPS. The company’s revenue was up 26.8% compared to the same quarter last year. On average, equities analysts forecast that salesforce.com, inc. will post $1.29 earnings per share for the current year.

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In other salesforce.com, inc. news, CFO Mark J. Hawkins sold 353 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $82.30, for a total transaction of $29,051.90. Following the transaction, the chief financial officer now owns 11,832 shares in the company, valued at approximately $973,773.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexandre Dayon sold 1,609 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $81.48, for a total transaction of $131,101.32. Following the transaction, the insider now owns 23,826 shares in the company, valued at approximately $1,941,342.48. The disclosure for this sale can be found here. In the last ninety days, insiders bought 3,833 shares of company stock valued at $299,899 and sold 938,629 shares valued at $72,768,164. 6.70% of the stock is currently owned by corporate insiders.

salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.

5 Day Chart for NYSE:CRM

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