Weekly Investment Analysts’ Ratings Changes for salesforce.com (CRM)

Several analysts have recently updated their ratings and price targets for salesforce.com (NYSE: CRM):

  • 9/21/2021 – salesforce.com is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $325.00 price target on the stock.
  • 9/20/2021 – salesforce.com is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $325.00 price target on the stock.
  • 9/17/2021 – salesforce.com had its price target raised by analysts at Barclays PLC from $320.00 to $330.00. They now have an “overweight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/14/2021 – salesforce.com was given a new $275.00 price target on by analysts at Nord/LB.
  • 9/1/2021 – salesforce.com was given a new $310.00 price target on by analysts at JPMorgan Chase & Co..
  • 9/1/2021 – salesforce.com was given a new $320.00 price target on by analysts at Barclays PLC.
  • 9/1/2021 – salesforce.com was given a new $300.00 price target on by analysts at UBS Group AG.
  • 9/1/2021 – salesforce.com was given a new $290.00 price target on by analysts at Credit Suisse Group AG.
  • 9/1/2021 – salesforce.com was given a new $310.00 price target on by analysts at Royal Bank of Canada.
  • 9/1/2021 – salesforce.com was given a new $350.00 price target on by analysts at The Goldman Sachs Group, Inc..
  • 8/27/2021 – salesforce.com had its price target raised by analysts at Loop Capital from $235.00 to $265.00. They now have a “hold” rating on the stock.
  • 8/27/2021 – salesforce.com had its price target raised by analysts at Societe Generale from $290.00 to $321.00. They now have a “buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Raymond James from $280.00 to $340.00. They now have a “strong-buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Morgan Stanley from $285.00 to $305.00. They now have an “overweight” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at JPMorgan Chase & Co. from $250.00 to $310.00. They now have an “overweight” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at FBN Securities from $290.00 to $310.00. They now have an “outperform” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Wolfe Research from $290.00 to $300.00. They now have an “outperform” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at BMO Capital Markets from $280.00 to $310.00. They now have an “outperform” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Wedbush from $300.00 to $315.00. They now have an “outperform” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Cowen Inc from $290.00 to $300.00. They now have an “outperform” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Credit Suisse Group AG from $260.00 to $290.00. They now have an “outperform” rating on the stock.
  • 8/26/2021 – salesforce.com was upgraded by analysts at KGI Securities from a “neutral” rating to an “outperform” rating. They now have a $330.00 price target on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Oppenheimer Holdings Inc. from $265.00 to $290.00. They now have an “outperform” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Roth Capital from $200.00 to $242.00. They now have a “neutral” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Piper Sandler from $240.00 to $280.00. They now have a “neutral” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Citigroup Inc. from $250.00 to $280.00. They now have a “neutral” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Sanford C. Bernstein from $266.00 to $290.00. They now have a “market perform” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at The Goldman Sachs Group, Inc. from $335.00 to $350.00. They now have a “conviction-buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Truist Securities from $287.00 to $300.00. They now have a “buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Bank of America Co. from $300.00 to $320.00. They now have a “buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Truist from $287.00 to $300.00. They now have a “buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Stifel Nicolaus from $295.00 to $315.00. They now have a “buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Monness Crespi & Hardt from $290.00 to $300.00. They now have a “buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Canaccord Genuity from $200.00 to $270.00. They now have a “buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its “buy” rating reaffirmed by analysts at William Blair.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at UBS Group AG from $280.00 to $300.00. They now have a “buy” rating on the stock.
  • 8/26/2021 – salesforce.com had its price target raised by analysts at Mizuho from $290.00 to $300.00. They now have a “buy” rating on the stock.
  • 8/26/2021 – salesforce.com was given a new $310.00 price target on by analysts at Royal Bank of Canada.
  • 8/26/2021 – salesforce.com was given a new $320.00 price target on by analysts at Barclays PLC.
  • 8/25/2021 – salesforce.com was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. They now have a $273.00 price target on the stock. According to Zacks, “Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Salesforce’s sustained focus on introducing more aligned products as per customer needs is driving its top-line. Continued deal wins in the international market is another growth driver. Furthermore, the recent deal to acquire Slack would position the company to be a leader in enterprise team collaboration solution space and better compete with Microsoft’s Teams product. However, stiff competition is a concern. Besides, unfavorable currency fluctuations along with increasing investments in international expansions and data centers are an overhang on near-term profitability. The stock has underperformed the industry in the past year.”
  • 8/23/2021 – salesforce.com had its price target raised by analysts at Barclays PLC from $285.00 to $291.00. They now have an “overweight” rating on the stock.
  • 8/23/2021 – salesforce.com had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a C$290.00 price target on the stock.
  • 8/23/2021 – salesforce.com is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $300.00 price target on the stock.
  • 8/22/2021 – salesforce.com had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $295.00 price target on the stock.
  • 8/19/2021 – salesforce.com was given a new $335.00 price target on by analysts at The Goldman Sachs Group, Inc..
  • 8/18/2021 – salesforce.com had its price target raised by analysts at Wolfe Research from $280.00 to $290.00. They now have an “outperform” rating on the stock.
  • 8/18/2021 – salesforce.com had its price target raised by analysts at JMP Securities from $282.00 to $320.00. They now have a “market outperform” rating on the stock.
  • 7/27/2021 – salesforce.com was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $285.00 price target on the stock. According to Zacks, “Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Salesforce’s sustained focus on introducing more aligned products as per customer needs is driving its top-line. Continued deal wins in the international market is another growth driver. Furthermore, the recent deal to acquire Slack would position the company to be a leader in enterprise team collaboration solution space and better compete with Microsoft’s Teams product. However, stiff competition is a concern. Besides, unfavorable currency fluctuations along with increasing investments in international expansions and data centers are an overhang on near-term profitability. The stock has underperformed the industry in the past year.”

NYSE:CRM traded up $18.69 during mid-day trading on Thursday, hitting $277.86. The company had a trading volume of 15,589,159 shares, compared to its average volume of 6,431,898. salesforce.com, inc. has a fifty-two week low of $201.51 and a fifty-two week high of $279.39. The business’s fifty day moving average is $253.02 and its two-hundred day moving average is $237.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $272.02 billion, a P/E ratio of 111.59, a P/E/G ratio of 7.35 and a beta of 1.09.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, August 24th. The CRM provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.56. salesforce.com had a return on equity of 7.15% and a net margin of 9.99%. The firm had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Equities analysts forecast that salesforce.com, inc. will post 2.09 earnings per share for the current year.

In other news, CAO Joe Allanson sold 153 shares of the firm’s stock in a transaction dated Friday, July 23rd. The stock was sold at an average price of $248.21, for a total transaction of $37,976.13. Following the sale, the chief accounting officer now owns 31,412 shares of the company’s stock, valued at $7,796,772.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Marc Benioff sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $269.36, for a total value of $5,387,200.00. The disclosure for this sale can be found here. Insiders sold 782,686 shares of company stock worth $196,845,176 in the last three months. Insiders own 4.10% of the company’s stock.

Large investors have recently bought and sold shares of the stock. MBM Wealth Consultants LLC bought a new position in shares of salesforce.com during the first quarter worth about $25,000. Atlas Private Wealth Advisors grew its holdings in shares of salesforce.com by 115.3% during the second quarter. Atlas Private Wealth Advisors now owns 127 shares of the CRM provider’s stock worth $31,000 after buying an additional 68 shares in the last quarter. Sage Financial Management Group Inc. bought a new position in shares of salesforce.com during the first quarter worth about $32,000. First PREMIER Bank bought a new position in shares of salesforce.com during the second quarter worth about $32,000. Finally, Providence Capital Advisors LLC grew its holdings in shares of salesforce.com by 87.2% during the first quarter. Providence Capital Advisors LLC now owns 161 shares of the CRM provider’s stock worth $34,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 77.33% of the company’s stock.

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

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