Nomura Gives Buy Rating to Salesforce.com (CRM)

By admin | 6 years ago

Salesforce.com (NYSE: CRM)‘s stock had its “buy” rating reaffirmed by research analysts at Nomura (NYSE: NMR) in a report released on Friday. They currently have a $160.00 target price on the stock.

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 posted its quarterly 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. Analysts expect that Salesforce.com will post $0.40 EPS next quarter.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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.

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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