Salesforce.com Inc (NYSE:CRM) stock is expected to deviate a maximum of $5.98 from the average target price of $96.21 for the short term period. 28 Street Experts have initiated coverage on the stock with the most promising target being $110 and the most muted being $80.
Other Equity analysts have also commented on the company shares. BMO Capital initiates coverage on Salesforce.com Inc (NYSE:CRM).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, BMO Capital announces the price target of $98 per share. The rating by the firm was issued on June 14, 2016.
Salesforce.com Inc (NYSE:CRM): stock turned positive on Thursday. Though the stock opened at $81.16, the bulls momentum made the stock top out at $82.32 level for the day. The stock recorded a low of $80.79 and closed the trading day at $82.28, in the green by 2.06%. The total traded volume for the day was 2,777,146. The stock had closed at $80.62 in the previous days trading.
The company shares have rallied 9.52% from its 1 Year high price. On May 26, 2016, the shares registered one year high at $84.48 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $80.20 and the 200 Day Moving Average price is recorded at $74.19. On the companys insider trading activities, The director, of Salesforce Com Inc, Conway Craig had unloaded 1,247 shares at $81.83 per share in a transaction on June 15, 2016. The total value of transaction was $102,042. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
salesforce.com, inc. is a provider of enterprise cloud computing solutions that include apps and platform services, as well as professional services. The Company focuses on customer relationship management (CRM). The Company offers six core cloud services that include sales force automation, customer service and support, marketing automation, community management, analytics and a cloud platform for building custom applications. The Company offers consulting, deployment, training, implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices, on a subscription basis, primarily through its direct sales efforts and indirectly through partners.