Macquarie Reaffirms Outperform Rating on Salesforce.com (CRM)

By admin | 6 years ago

Salesforce.com (NYSE: CRM)‘s stock had its “outperform” rating reiterated by research analysts at Macquarie in a report released on Friday.

A number of other analysts have also recently weighed in on CRM. Analysts at Needham & Company reiterated a “buy” rating on shares of Salesforce.com in a research note to investors on Friday. Separately, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Salesforce.com in a research note to investors on Friday. They now have a $160.00 price target on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Salesforce.com to $170.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.

Shares of Salesforce.com opened at 145.58 on Friday. Salesforce.com has a 52 week low of $94.09 and a 52 week high of $164.75. The company’s market cap is $20.112 billion.

Salesforce.com last announced its earnings results 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. 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.

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