Canaccord Genuity Reaffirms Buy (N/A) Rating on Salesforce.com (CRM)
A number of other firms have also recently commented on CRM. Analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Salesforce.com from $170.00 to $190.00 in a research note to investors on Tuesday, May 29th. Separately, analysts at Oppenheimer (NYSE: OPY) upgraded shares of Salesforce.com from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, May 24th. They now have a $180.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Salesforce.com in a research note to investors on Friday, May 18th.
Salesforce.com opened at 131.22 on Monday. Salesforce.com has a 52-week low of $94.09 and a 52-week high of $164.75. The company’s market cap is $18.108 billion.
Salesforce.com last posted its quarterly 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. Analysts expect that Salesforce.com will post $0.40 EPS next quarter.
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.