Salesforce.com Inc (CRM) : The consensus on Salesforce.com Inc (CRM) based on 29 analyst recommendation on the company stock is 1.17, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 26 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Salesforce.com Inc (CRM) : The consensus price target for Salesforce.com Inc (CRM) is $95.33 for the short term with a standard deviation of $7.06. The most optimist securities analyst among the 30 who monitor the stock believes that the stock can reach $110, however, the pessimist price target for the company is $80.
Also, Brokerage firm Citigroup maintains its rating on Salesforce.com Inc (NYSE:CRM). As per the latest information, the brokerage house lowers the price target to $89 per share from a prior target of $94. The shares have been rated Buy. The rating by the firm was issued on September 1, 2016.
Salesforce.com Inc (NYSE:CRM): After opening at $73.52, the stock dipped to an intraday low of $73.36 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $74.295 and the buying power remained strong till the end. The stock closed at $73.99 for the day, a gain of 0.23% for the day session. The total traded volume was 4,295,469. The stocks close on the previous trading day was $73.82.
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.