Equities researchers at Roth Capital increased their target price on shares of Salesforce.com (NYSE: CRM) from $180.00 to $200.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock.
Salesforce.com traded up 7.55% on Friday, hitting $182.00. Salesforce.com has a 1-year low of $120.18 and a 1-year high of $178.91. The stock’s 50-day moving average is currently $171.4. The company’s market cap is $25.844 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 last year, the company posted $0.43 earnings per share. Salesforce.com’s revenue was up 32.1% compared to the same quarter last year. Salesforce.com has set its Q1 guidance at $0.40-0.42 EPS and its FY14 guidance at $1.93-1.97 EPS. Analysts expect that Salesforce.com will post $1.95 EPS for the current fiscal year.
A number of other firms have also recently commented on CRM. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Salesforce.com in a research note to investors on Friday. They now have a $205.00 price target on the stock, up previously from $190.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Salesforce.com in a research note to investors on Friday. They now have a $200.00 price target on the stock, up previously from $185.00. Finally, analysts at MKM Partners raised their price target on shares of Salesforce.com from $185.00 to $203.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.
Thirty-three research analysts have rated the stock with a buy rating, two have assigned an overweight rating, four have issued a hold rating, two have assigned an underweight rating, and three have assigned a sell rating to the company’s stock. Salesforce.com has a consensus rating of “overweight” and an average target price of $183.58.
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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