UBS AG Reiterates Buy on Salesforce.com (CRM)

By admin | 6 years ago

Salesforce.com (NYSE: CRM)‘s stock had its “buy” rating reiterated by investment analysts at UBS AG (NYSE: UBS) in a note issued to investors on Friday.

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

Salesforce.com last issued its quarterly earnings data on Thursday, May 17th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.03. Salesforce.com’s revenue was up 37.8% compared to the same quarter last year. On average, analysts predict that Salesforce.com will post $0.40 earnings per share next quarter.

Several other analysts have also recently commented on the stock. 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. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Salesforce.com in a research note to investors on Friday. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Salesforce.com in a research note to investors on Friday.

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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