A statement released earlier today by Rosenblatt about Salesforce.com (NYSE:CRM) bumps the target price to $90.00
- Updated: October 18, 2016
Just yesterday Salesforce.com (NYSE:CRM) traded -0.18% lower at $0.00. Salesforce.com’s 50-day moving average is $73.40 and its 200-day moving average is $77.74. The last closing price is down -6.48% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,808,831 shares of CRM traded hands, down from an average trading volume of 7,404,910
Rosenblatt raised the target price of Salesforce.com (NYSE:CRM) to $90.00 reporting a possible upside of 0%.
Previously on Tuesday October 04, 2016, D. A. Davidson reported on Salesforce.com (NYSE:CRM) reduced the target price from $86.00 to $80.00. At the time, this indicated a possible upside of 0.13%.
Recent Performance Chart
Salesforce.com has 52 week low of $52.60 and a 52 week high of $84.48 with a PE ratio of 224.38 and has a market capitalization of $0.
Also covering Salesforce.com's price target, a total of 43 analysts have released a research note on Salesforce.com. The 12-month price target is $97.16 with sixteen analysts rating the company a strong buy, twenty-six analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and lastly one brokerage rating the company a sell.
General Company Details For Salesforce.com (NYSE:CRM)
salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company's Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices. It sells to businesses of all sizes and in a range of industries across the world on a subscription basis, primarily through its direct sales and also indirectly through partners. Its service offerings include Sales Cloud, Service Cloud, Marketing Cloud, Community Cloud, Analytics Cloud, IoT Cloud and App Cloud. It also offers professional services to facilitate the adoption of its solutions.
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