JMP Securities Believes Salesforce.com (CRM) Still Has Room to Grow


JMP Securities analyst Patrick Walravens maintained a Buy rating on Salesforce.com (CRM) on March 11 and set a price target of $178. The company’s shares opened today at $158.85, close to its 52-week high of $166.15.

According to TipRanks.com, Walravens is a top 100 analyst with an average return of 20.9% and a 73.7% success rate. Walravens covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Coupa Software Inc, and Ellie Mae Inc.

Salesforce.com has an analyst consensus of Strong Buy, with a price target consensus of $183.48, representing a 15.5% upside. In a report issued on February 25, Jefferies also maintained a Buy rating on the stock with a $189 price target.

See today’s analyst top recommended stocks >>

Based on Salesforce.com’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $3.6 billion and net profit of $362 million. In comparison, last year the company had a net profit of $67.56 million.

Based on the recent corporate insider activity of 511 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.