A number of stock research firms have changed their ratings and price targets for Salesforce.com (NYSE: CRM) during the last seven days:
  • Salesforce.com had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $170.00 price target on the stock.
  • Salesforce.com had its “buy” rating reaffirmed by analysts at MKM Partners.
  • Salesforce.com had its “buy” rating reaffirmed by analysts at Deutsche Bank. They now have a $220.00 price target on the stock, up previously from $215.00.
  • Salesforce.com had its “in-line” rating reaffirmed by analysts at Needham & Company.
  • Salesforce.com had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • Salesforce.com had its “positive” rating reaffirmed by analysts at Susquehanna. They now have a $175.00 price target on the stock.
  • Salesforce.com had its “buy” rating reaffirmed by analysts at Goldman Sachs.
  • Salesforce.com had its “buy” rating reaffirmed by analysts at Nomura.
  • Salesforce.com had its “buy” rating reaffirmed by analysts at Lazard Capital. They now have a $200.00 price target on the stock.
  • Salesforce.com had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $180.00 price target on the stock. They wrote, “Salesforce posted another solid quarter, with revenues, FCF and billings topping consensus estimates. We believe CRM shares set up well at least into Dreamforce as the likelihood of news and commentary on those developments is strongly biased to the positive side of the equation. CRM’s moderate margins allow investors to dream big when the news flow is positive and fret when news or the macro is scary. Inasmuch as we believe we are in one of those sin curve upswings, we believe it is possible for CRM to reach or broach $165 before temporarily running out of steam as investors shift back to a “glass is half empty mood.” CRM should be a core growth holding.”
  • Salesforce.com had its “overweight” rating reaffirmed by analysts at Barclays Capital.
  • Salesforce.com had its price target raised by analysts at Wunderlich from $168.00 to $207.00. They now have a “buy” rating on the stock.
Salesforce.com opened at 149.06 on Tuesday. Salesforce.com has a 1-year low of $94.09 and a 1-year high of $164.75. The company’s market cap is $20.570 billion.
Salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (CRM), applications through the Internet or cloud.
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