Another Recommendation On Wall Street for Salesforce.com (NYSE:CRM). This time with a $125.0 Share Target Price

January 20, 2018 - By Linda Rogers

 Another Recommendation On Wall Street for Salesforce.com (NYSE:CRM). This time with a $125.0 Share Target Price

Investors sentiment decreased to 1.34 in 2017 Q3. Its down 0.04, from 1.38 in 2017Q2. It worsened, as 40 investors sold Salesforce.com, inc. shares while 234 reduced holdings. 73 funds opened positions while 295 raised stakes. 609.74 million shares or 0.30% less from 611.55 million shares in 2017Q2 were reported.

Laurion Cap Management Limited Partnership, a New York-based fund reported 203,253 shares. Glaxis Capital Mgmt Limited Liability Corp has 63,670 shares. Aqr Management Ltd Liability Corp reported 76,624 shares. Adams Diversified Equity Fund accumulated 181,200 shares or 0.92% of the stock. Shine Advisory Svcs holds 0.08% in Salesforce.com, inc. (NYSE:CRM) or 1,585 shares. 19,629 are held by Kcm Inv Advsr Ltd Llc. Clough Limited Partnership, Massachusetts-based fund reported 216,900 shares. Moreover, Aspiriant Limited Com has 0.02% invested in Salesforce.com, inc. (NYSE:CRM). Gamco Invsts Et Al, New York-based fund reported 4,905 shares. Kingdon Capital Mgmt Ltd Liability Company invested in 170,497 shares or 1.04% of the stock. Moreover, California Employees Retirement has 0.21% invested in Salesforce.com, inc. (NYSE:CRM). Raymond James Trust Na stated it has 7,366 shares or 0.05% of all its holdings. Maplelane Cap Ltd Liability Co reported 790,500 shares. 300 were reported by Alphamark Ltd Liability. Profund Limited reported 0.34% in Salesforce.com, inc. (NYSE:CRM).

Since August 2, 2017, it had 1 buying transaction, and 82 selling transactions for $67.78 million activity. Shares for $951,097 were sold by BLOCK KEITH. Hawkins Mark J sold $45,824 worth of stock. Benioff Marc also sold $548,951 worth of Salesforce.com, inc. (NYSE:CRM) shares. Allanson Joe sold 613 shares worth $56,856. Shares for $61,068 were sold by Dayon Alexandre. The insider Martinez Maria sold $94,865.

Why Has Guggenheim Given Salesforce.com (NYSE:CRM) a $125.0 Price Target

Guggenheim has just issued a “Buy” rating for Salesforce.com (NYSE:CRM) shares. The firm started coverage on shares of CRM in analysts report released on 30 October. This target would suggest upside of 11.68 % from the current stock price of Salesforce.com (NYSE:CRM).

Investors sentiment decreased to 1.34 in 2017 Q3. Its down 0.04, from 1.38 in 2017Q2. It worsened, as 40 investors sold Salesforce.com, inc. shares while 234 reduced holdings. 73 funds opened positions while 295 raised stakes. 609.74 million shares or 0.30% less from 611.55 million shares in 2017Q2 were reported.

Laurion Cap Management Limited Partnership, a New York-based fund reported 203,253 shares. Glaxis Capital Mgmt Limited Liability Corp has 63,670 shares. Aqr Management Ltd Liability Corp reported 76,624 shares. Adams Diversified Equity Fund accumulated 181,200 shares or 0.92% of the stock. Shine Advisory Svcs holds 0.08% in Salesforce.com, inc. (NYSE:CRM) or 1,585 shares. 19,629 are held by Kcm Inv Advsr Ltd Llc. Clough Limited Partnership, Massachusetts-based fund reported 216,900 shares. Moreover, Aspiriant Limited Com has 0.02% invested in Salesforce.com, inc. (NYSE:CRM). Gamco Invsts Et Al, New York-based fund reported 4,905 shares. Kingdon Capital Mgmt Ltd Liability Company invested in 170,497 shares or 1.04% of the stock. Moreover, California Employees Retirement has 0.21% invested in Salesforce.com, inc. (NYSE:CRM). Raymond James Trust Na stated it has 7,366 shares or 0.05% of all its holdings. Maplelane Cap Ltd Liability Co reported 790,500 shares. 300 were reported by Alphamark Ltd Liability. Profund Limited reported 0.34% in Salesforce.com, inc. (NYSE:CRM).

Since August 2, 2017, it had 1 buying transaction, and 82 selling transactions for $67.78 million activity. Shares for $951,097 were sold by BLOCK KEITH. Hawkins Mark J sold $45,824 worth of stock. Benioff Marc also sold $548,951 worth of Salesforce.com, inc. (NYSE:CRM) shares. Allanson Joe sold 613 shares worth $56,856. Shares for $61,068 were sold by Dayon Alexandre. The insider Martinez Maria sold $94,865.

Salesforce.com, inc. (NYSE:CRM) Ratings Coverage

Among 51 analysts covering Salesforce.com (NYSE:CRM), 44 have Buy rating, 1 Sell and 6 Hold. Therefore 86% are positive. Salesforce.com has $135 highest and $18 lowest target. $106.44’s average target is -4.90% below currents $111.93 stock price. Salesforce.com had 197 analyst reports since August 21, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Tuesday, November 21 report. The firm earned “Hold” rating on Thursday, February 25 by Jefferies. The rating was upgraded by TheStreet to “Hold” on Saturday, August 22. The stock has “Hold” rating by Roth Capital on Wednesday, November 22. The stock has “Strong Buy” rating by Raymond James on Thursday, May 19. Needham maintained Salesforce.com, inc. (NYSE:CRM) on Wednesday, November 22 with “Hold” rating. The firm has “Sell” rating by Jefferies given on Thursday, August 27. UBS maintained Salesforce.com, inc. (NYSE:CRM) on Thursday, May 19 with “Buy” rating. The firm has “Outperform” rating by FBR Capital given on Saturday, August 22. As per Friday, September 8, the company rating was maintained by Northland Capital.

The stock increased 0.14% or $0.16 during the last trading session, reaching $111.93. About 3.12 million shares traded. Salesforce.com, inc. (NYSE:CRM) has risen 7.78% since January 20, 2017 and is uptrending. It has underperformed by 8.92% the S&P500.

Analysts await Salesforce.com, inc. (NYSE:CRM) to report earnings on February, 27. They expect $0.11 EPS, up 450.00 % or $0.09 from last year’s $0.02 per share. CRM’s profit will be $79.45 million for 254.39 P/E if the $0.11 EPS becomes a reality. After $0.15 actual EPS reported by Salesforce.com, inc. for the previous quarter, Wall Street now forecasts -26.67 % negative EPS growth.

Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company has market cap of $80.85 billion. The firm offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, gain insights through relationship intelligence, and collaborate around sales on desktop and mobile devices, as well as solutions for partner relationship management. It has a 9327.5 P/E ratio. It also provides Service Cloud, which enables companies to deliver personalized customer service and support, as well as connects their service agents with clients on various devices; and Marketing Cloud to plan, personalize, and optimize one-to-one customer interactions.

More recent Salesforce.com, inc. (NYSE:CRM) news were published by: Streetinsider.com which released: “Form 4 SALESFORCE COM INC For: Jan 18 Filed by: Roos John Victor” on January 19, 2018. Also Streetinsider.com published the news titled: “Form 4 SALESFORCE COM INC For: Jan 19 Filed by: Benioff Marc” on January 20, 2018. Fool.com‘s news article titled: “Why salesforce.com Stock Skyrocketed Nearly 50% in 2017” with publication date: January 09, 2018 was also an interesting one.

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