Salesforce.com Price Target Increased to $200.00 by Analysts at Needham & Company (CRM)
Salesforce.com (NYSE: CRM) had its target price boosted by Needham & Company from $180.00 to $200.00 in a research note issued to investors on Monday. The firm currently has a buy rating on the stock.
Salesforce.com traded up 0.13% on Monday, hitting $181.02. Salesforce.com has a 1-year low of $120.18 and a 1-year high of $187.94. The stock’s 50-day moving average is currently $174.3. The company’s market cap is $26.242 billion.
CRM has been the subject of a number of other recent research reports. Analysts at Jefferies Group set a $215.00 price target on shares of Salesforce.com in a research note to investors on Monday. They now have a buy rating on the stock. Separately, analysts at Deutsche Bank reiterated a buy rating on shares of Salesforce.com in a research note to investors on Tuesday, March 5th. They now have a $230.00 price target on the stock. Finally, analysts at TheStreet reiterated a hold rating on shares of Salesforce.com in a research note to investors on Tuesday, March 5th.
Thirty-three investment analysts have rated the stock with a buy rating, two have issued an overweight rating, three have assigned a hold rating, two have assigned an underweight rating, and three have given a sell rating to the company. Salesforce.com has a consensus rating of overweight and an average price target of $193.89.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.