Salesforce.com Receives Buy Rating from Deutsche Bank (CRM)
Salesforce.com (NYSE: CRM)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday. They currently have a $230.00 price target on the stock.
A number of other analysts have also recently weighed in on CRM. Analysts at TheStreet reiterated a “hold” rating on shares of Salesforce.com in a research note to investors on Tuesday. Separately, analysts at Wedbush raised their price target on shares of Salesforce.com from $195.00 to $206.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Salesforce.com from $200.00 to $210.00 in a research note to investors on Monday.
Thirty-four equities research analysts have rated the stock with a buy rating, two have issued an overweight rating, three have issued a hold rating, two have given an underweight rating, and three have assigned a sell rating to the company. Salesforce.com presently has an average rating of “overweight” and an average price target of $194.39.
Salesforce.com traded down 0.25% on Tuesday, hitting $185.43. Salesforce.com has a 52-week low of $120.18 and a 52-week high of $186.63. The stock’s 50-day moving average is currently $172.1. The company’s market cap is $26.882 billion.
Salesforce.com last announced its earnings results on Thursday, February 28th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.11. The company had revenue of $835.00 million for the quarter, compared to the consensus estimate of $830.85 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. Salesforce.com has set its Q1 guidance at $0.40-0.42 EPS and its FY14 guidance at $1.93-1.97 EPS. On average, analysts predict that Salesforce.com will post $1.97 earnings per share for the current fiscal year.
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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