Analysts’ Weekly Ratings Updates for salesforce.com (CRM)

Several analysts have recently updated their ratings and price targets for salesforce.com (NYSE: CRM):

  • 1/9/2019 – salesforce.com is now covered by analysts at Atlantic Securities. They set an “overweight” rating and a $179.00 price target on the stock.
  • 1/7/2019 – salesforce.com had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $166.00 price target on the stock.
  • 1/7/2019 – salesforce.com was upgraded by analysts at Pivotal Research from a “hold” rating to a “buy” rating. They now have a $164.00 price target on the stock, up previously from $140.00.
  • 1/2/2019 – salesforce.com was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/5/2018 – salesforce.com had its “buy” rating reaffirmed by analysts at Nomura.
  • 12/2/2018 – salesforce.com had its price target raised by analysts at Wedbush from $160.00 to $166.00.
  • 11/30/2018 – salesforce.com was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $156.00 price target on the stock. According to Zacks, “Salesforce’s fiscal third quarter results benefited from strong growth across its product portfolio. On the back of stellar results, Salesforce raised its fiscal 2019 guidance and further stated that it is on track to achieve $21-$23 billion in annual revenues by fiscal 2022. Rapid adoption of its diverse cloud offerings given the growing demand for digital transformation remains the key catalyst. Strengthening relationships with cloud companies like Amazon, Google and IBM are a positive. Additionally, strategic acquisitions like MuleSoft, Datorama and Cloudcraze is helping it deliver strong growth. The stock has outperformed the industry on a year-to-date basis. Nonetheless, stiff competition from Oracle and Microsoft is a concern. Currency fluctuations remain a key headwind. Besides, increasing investments for international expansions and data centers is an overhang on near-term profitability.”
  • 11/28/2018 – salesforce.com had its price target lowered by analysts at Robert W. Baird from $180.00 to $165.00. They now have an “outperform” rating on the stock.
  • 11/28/2018 – salesforce.com had its price target raised by analysts at BMO Capital Markets from $174.00 to $175.00. They now have an “outperform” rating on the stock.
  • 11/28/2018 – salesforce.com had its “neutral” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $149.00 price target on the stock.
  • 11/28/2018 – salesforce.com had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $175.00 price target on the stock.
  • 11/28/2018 – salesforce.com had its price target raised by analysts at Citigroup Inc from $178.00 to $183.00. They now have a “buy” rating on the stock.
  • 11/28/2018 – salesforce.com had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $160.00 price target on the stock.
  • 11/28/2018 – salesforce.com had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $182.00 price target on the stock.
  • 11/28/2018 – salesforce.com had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $168.00 price target on the stock.
  • 11/26/2018 – salesforce.com had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $180.00 price target on the stock, up previously from $160.00.
  • 11/21/2018 – salesforce.com had its price target lowered by analysts at Piper Jaffray Companies from $190.00 to $160.00. They now have an “overweight” rating on the stock.

CRM opened at $147.55 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $111.68 billion, a price-to-earnings ratio of 327.89, a price-to-earnings-growth ratio of 4.59 and a beta of 1.28. salesforce.com, inc. has a 12 month low of $102.37 and a 12 month high of $161.19.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.50 by $0.11. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The firm’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. As a group, sell-side analysts forecast that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.

In other news, insider Parker Harris sold 5,711 shares of salesforce.com stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $140.14, for a total value of $800,339.54. Following the transaction, the insider now directly owns 27,938 shares of the company’s stock, valued at approximately $3,915,231.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig Conway sold 200 shares of salesforce.com stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $128.71, for a total value of $25,742.00. Following the completion of the transaction, the director now directly owns 8,927 shares in the company, valued at $1,148,994.17. The disclosure for this sale can be found here. Insiders sold a total of 493,181 shares of company stock worth $66,197,809 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Botty Investors LLC acquired a new position in shares of salesforce.com in the 3rd quarter valued at approximately $123,000. Psagot Investment House Ltd. bought a new stake in shares of salesforce.com in the 3rd quarter valued at approximately $134,000. Carroll Financial Associates Inc. increased its holdings in shares of salesforce.com by 27.7% in the 4th quarter. Carroll Financial Associates Inc. now owns 1,050 shares of the CRM provider’s stock valued at $149,000 after acquiring an additional 228 shares during the last quarter. United Capital Management of KS Inc. bought a new stake in shares of salesforce.com in the 3rd quarter valued at approximately $193,000. Finally, Sky Investment Group LLC bought a new stake in shares of salesforce.com in the 3rd quarter valued at approximately $204,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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