The Salesforce.com Inc. (CRM) PT Set at $96.00 by Goldman Sachs Group Inc.

Salesforce.com logoSalesforce.com Inc. (NYSE:CRM) has been badigned a $96.00 goal value by funding badysts at Goldman Sachs Group Inc. in a badysis report issued on Friday. The agency presently has a a “buy” ranking on the CRM supplier’s inventory. Goldman Sachs Group Inc.’s value goal would point out a possible upside of 27.68% from the corporate’s present value.

Several different equities badysts additionally just lately weighed in on the corporate. Wedbush restated an “outperform” ranking and issued a $98.00 goal value (up beforehand from $96.00) on shares of Salesforce.com in a badysis report on Friday. BMO Capital Markets raised their goal value on Salesforce.com from $86.00 to $90.00 and gave the corporate an “outperform” ranking in a badysis report on Friday. Mizuho raised their goal value on Salesforce.com from $85.00 to $95.00 and gave the corporate a “buy” ranking in a badysis report on Friday. OTR Global upgraded Salesforce.com from a “mixed” ranking to a “positive” ranking in a badysis report on Tuesday. Finally, Cowen and Company set a $95.00 value goal on Salesforce.com and gave the inventory a “buy” ranking in a badysis report on Monday. Two badysts have rated the inventory with a promote ranking, three have badigned a maintain ranking and forty-six have badigned a purchase ranking to the inventory. The inventory has a consensus ranking of “Buy” and a mean goal value of $92.04.

Analyst Recommendations for Salesforce.com (NYSE:CRM)

Salesforce.com (NYSE:CRM) traded up three.5650% throughout buying and selling on Friday, hitting $77.8705. The inventory had a buying and selling quantity of 11,169,116 shares. Salesforce.com has a 12 month low of $52.60 and a 12 month excessive of $84.48. The firm’s 50 day transferring common is $73.53 and its 200-day transferring common is $77.50. The firm has a market cap of $53.34 billion, a PE ratio of 240.3410 and a beta of 1.55.

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Salesforce.com (NYSE:CRM) final launched its earnings outcomes on Thursday, November 17th. The CRM supplier reported $zero.24 earnings per share for the quarter, beating the consensus estimate of $zero.21 by $zero.03. The enterprise had income of $2.14 billion for the quarter, in comparison with the consensus estimate of $2.12 billion. Salesforce.com had a return on fairness of two.19% and a internet margin of two.91%. The enterprise’s quarterly income was up 25.three% in comparison with the identical quarter final 12 months. During the identical quarter final 12 months, the enterprise posted $zero.21 earnings per share. On common, equities badysis badysts predict that Salesforce.com will submit $zero.95 earnings per share for the present 12 months.

In different Salesforce.com information, insider Parker Harris offered 5,000 shares of Salesforce.com inventory in a transaction that occurred on Tuesday, September 27th. The shares have been offered at a mean value of $70.13, for a complete worth of $350,650.00. Following the transaction, the insider now owns 39,467 shares within the firm, valued at $2,767,820.71. The transaction was disclosed in a doc filed with the SEC, which is obtainable at this hyperlink. Also, Chairman Marc Benioff offered 25,000 shares of Salesforce.com inventory in a transaction that occurred on Monday, August 22nd. The inventory was offered at a mean value of $77.23, for a complete transaction of $1,930,750.00. Following the completion of the transaction, the chairman now owns 35,383,000 shares within the firm, valued at roughly $2,732,629,zero90. The disclosure for this sale might be discovered right here. Corporate insiders personal 6.70% of the corporate’s inventory.

A variety of hedge funds and different institutional traders have just lately purchased and offered shares of CRM. Brighton Jones LLC raised its place in Salesforce.com by zero.5% within the second quarter. Brighton Jones LLC now owns four,270 shares of the CRM supplier’s inventory valued at $339,000 after shopping for an extra 22 shares throughout the interval. Hollencrest Securities LLC boosted its place in Salesforce.com by zero.9% within the second quarter. Hollencrest Securities LLC now owns three,229 shares of the CRM supplier’s inventory valued at $256,000 after shopping for an extra 29 shares over the last quarter. Cornerstone Advisors Inc. boosted its place in Salesforce.com by 1.zero% within the second quarter. Cornerstone Advisors Inc. now owns three,552 shares of the CRM supplier’s inventory valued at $282,000 after shopping for an extra 35 shares over the last quarter. Integrated Investment Consultants LLC boosted its place in Salesforce.com by 1.three% within the second quarter. Integrated Investment Consultants LLC now owns 2,835 shares of the CRM supplier’s inventory valued at $225,000 after shopping for an extra 37 shares over the last quarter. Finally, Fulton Bank N.A. boosted its place in Salesforce.com by zero.three% within the second quarter. Fulton Bank N.A. now owns 12,763 shares of the CRM supplier’s inventory valued at $1,zero14,000 after shopping for an extra 38 shares over the last quarter. Hedge funds and different institutional traders personal 86.97% of the corporate’s inventory.

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