Salesforce.com Inc (CRM) : Zacks Investment Research ranks Salesforce.com Inc (CRM) as 3, which is a Hold recommendation. 26 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 28 research analysts is 1.14, which indicates as a Strong Buy.
Salesforce.com Inc (CRM) : The highest level Salesforce.com Inc (CRM) is projected to reach is $110 for the short term and the lowest estimate is at $80. The consolidated price target from 28 rating analysts who initiate coverage on the stock is $96.21 and the possibility the share price can swing is $5.98.
Salesforce.com Inc (NYSE:CRM): The stock opened at $78.48 on Wednesday but the bulls could not build on the opening and the stock topped out at $78.73 for the day. The stock traded down to $77.73 during the day, due to lack of any buying support eventually closed down at $78.50 with a loss of -0.22% for the day. The stock had closed at $78.67 on the previous day. The total traded volume was 4,121,188 shares.
Also, Cowen & Company initiates coverage on Salesforce.com Inc (NYSE:CRM) The shares have been rated Outperform. The rating by the firm was issued on June 24, 2016. The company shares have rallied 13.37% 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 $81.18 and the 200 Day Moving Average price is recorded at $74.14.
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.