UBS AG Reiterates Buy (N/A) on Salesforce.com (CRM)

By admin | 6 years ago

Salesforce.com (NYSE: CRM)‘s stock had its “buy (n/a)” rating reaffirmed by research analysts at UBS AG (NYSE: UBS) in a report released on Tuesday.

Shares of Salesforce.com opened at 133.74 on Tuesday. Salesforce.com has a one year low of $94.09 and a one year high of $164.75. The company’s market cap is $18.456 billion.

Salesforce.com last issued its quarterly 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. On average, analysts predict that Salesforce.com will post $0.40 earnings per share next quarter.

A number of other analysts have also recently weighed in on CRM. Analysts at BMO Capital Markets cut their EPS estimates on shares of Salesforce.com in a research note on Tuesday. They now have an “outperform” rating and a $170.00 price target on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “buy (n/a)” rating on shares of Salesforce.com in a research note to investors on Tuesday. Finally, analysts at Canaccord Genuity reiterated a “buy (n/a)” rating on shares of Salesforce.com in a research note to investors on Monday.

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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