BMO Capital Markets Sets Salesforce.com Price Target at $170.00 (CRM)
Investment analysts at BMO Capital Markets dropped their target price on shares of Salesforce.com (NYSE: CRM) to $170.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock.
Shares of Salesforce.com traded down 0.13% during mid-day trading on Friday, hitting $145.39. Salesforce.com has a 52 week low of $94.09 and a 52 week high of $164.75. The company’s market cap is $20.085 billion.
Salesforce.com last announced its earnings results on Thursday, May 17th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.03. Salesforce.com’s revenue was up 37.8% compared to the same quarter last year. On average, analysts predict that Salesforce.com will post $0.40 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Credit Agricole upgraded shares of Salesforce.com from an “outperform” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Salesforce.com from $175.00 to $180.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at CLSA upgraded shares of Salesforce.com from an “outperform” rating to a “buy” rating in a research note to investors on Friday.
Salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (CRM), applications through the Internet or cloud.