Jefferies Group Reiterates Buy (N/A) on Salesforce.com (CRM)
A number of other firms have also recently commented on CRM. Analysts at Canaccord Genuity reiterated a “buy (n/a)” rating on shares of Salesforce.com in a research note to investors on Monday. Separately, 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. Finally, 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.
Shares of Salesforce.com opened at 133.74 on Tuesday. Salesforce.com has a 52 week low of $94.09 and a 52 week high of $164.75. The company’s market cap is $18.456 billion.
Salesforce.com last announced its earnings results on Thursday, May 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. On average, analysts predict that Salesforce.com will post $0.40 earnings per share 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.