Oppenheimer Upgrades Salesforce.com to Outperform (CRM)
Salesforce.com (NYSE: CRM) was upgraded by Oppenheimer (NYSE: OPY) from a “market perform” rating to an “outperform” rating in a research note issued on Thursday. The firm currently has a $180.00 price target on the stock.
A number of other firms have also recently commented on CRM. 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. Separately, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Salesforce.com to $207.00 in a research note to investors on Friday, May 18th. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Salesforce.com in a research note to investors on Friday, May 18th.
Salesforce.com traded up 2.25% on Thursday, hitting $149.50. Salesforce.com has a 1-year low of $94.09 and a 1-year high of $164.75. The company’s market cap is $20.653 billion.
Salesforce.com last released its earnings data on Thursday, May 17th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.03. The company’s quarterly revenue was up 37.8% on a year-over-year basis. 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.