Investment Analysts’ Recent Ratings Updates for Salesforce.com (CRM)

Posted by: Shayan Afkhami Posted date: March 20, 2013 In: Analyst Articles - Company Sum, Investing

Several investment firms have updated their stock ratings and price targets on shares of Salesforce.com (NYSE: CRM) in the last week:

Salesforce.com had its price target raised by analysts at Needham & Company from $180.00 to $200.00. They now have a “buy” rating on the stock.
Salesforce.com had its price target raised by analysts at Oppenheimer from $200.00 to $210.00.
Salesforce.com had its price target raised by analysts at Roth Capital from $180.00 to $200.00. They now have a “buy” rating on the stock.
Salesforce.com had its price target raised by analysts at Susquehanna from $185.00 to $200.00. They now have a “positive” rating on the stock.
Salesforce.com was given a new $215.00 price target on by analysts at Jefferies Group. They now have a “buy” rating on the stock. They wrote, “New information: Modest. CRM’s FY13 10-K provided some additional data around regional revenue, headcount and expenses. The ecompany also received a notice regarding patent infringement, but has not yet been sued – no details were provided. CRM remains the best growth mid-large cap name in our group.”
Salesforce.com had its “buy” rating reaffirmed by analysts at Wunderlich. They now have a $207.00 price target on the stock.
Salesforce.com had its “outperform” rating reaffirmed by analysts at Pacific Crest. They now have a $210.00 price target on the stock.
Salesforce.com had its “hold” rating reaffirmed by analysts at TheStreet. They wrote, “Salesforce.com (CRM) has been reiterated by TheStreet Ratings as a hold with a ratings score of C . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company’s earnings per share.”
Salesforce.com had its price target raised by analysts at FBR Capital from $200.00 to $225.00. They now have an “outperform” rating on the stock.
Salesforce.com is now covered by analysts at FBN Securities. They set an “outperform” rating on the stock. They wrote, “The company is growing very well as it gains share in the SaaS CRM market and as it successfully diversifies away from its core sales force automation (SFA)/sales cloud into service, marketing, and platform clouds. In CRM, Salesforce.com is now #2 behind SAP having eclipsed Oracle recently, and it may displace SAP to earn the #1 spot this year. Furthermore, we believe that the company should be able to significantly increase its operating margin (particularly when growth slows) from ~10-13% currently to the mid/high 20s%, and possibly 30%+, eventually. Last quarter’s adjusted billings growth of 48% (our estimate) was quite impressive.”

Salesforce.com (NYSE: CRM) traded up 0.97% on Wednesday, hitting $172.89. Salesforce.com has a 52-week low of $120.18 and a 52-week high of $187.94. The stock’s 50-day moving average is currently $174.9. The company’s market cap is $25.312 billion.

Salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (NYSE: CRM), applications through the Internet or cloud.

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