Equities research analysts at Oppenheimer raised their price target on shares of Salesforce.com (NYSE: CRM) from $200.00 to $210.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock.
CRM has been the subject of a number of other recent research reports. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of Salesforce.com in a research note to investors on Wednesday. They now have a $208.00 price target on the stock. Separately, analysts at Roth Capital reiterated a “buy” rating on shares of Salesforce.com in a research note to investors on Tuesday, February 19th. They now have a $180.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Salesforce.com from $190.00 to $200.00 in a research note to investors on Monday, February 11th. They now have an “outperform” rating on the stock.
Thirty-three equities research analysts have rated the stock with a buy rating, two have issued an overweight rating, four have given a hold rating, two have given an underweight rating, and three have issued a sell rating to the company. The company has a consensus rating of “overweight” and an average price target of $183.58.
Salesforce.com opened at 169.22 on Friday. 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 $24.029 billion.
Salesforce.com last released its earnings data 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 prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue 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. Analysts expect that Salesforce.com will post $1.52 EPS 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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