In a report issued on September 28, Marshall Senk from Rosenblatt Securities reiterated a Buy rating on Salesforce.com (NYSE: CRM), with a price target of $178. The company’s shares closed yesterday at $159.86, close to its 52-week high of $161.19.
According to TipRanks.com, Senk is a 5-star analyst with an average return of 24.4% and a 76.3% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Carbonite Inc, and Cloudera Inc.
Currently, the analyst consensus on Salesforce.com is a Strong Buy with an average price target of $174.89, representing a 9.4% upside. In a report issued on September 24, Monness also maintained a Buy rating on the stock with a $170 price target.
.
See today’s analyst top recommended stocks >>
Based on Salesforce.com’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $3.28 billion and net profit of $299 million. In comparison, last year the company had a net profit of $17.74 million.
Based on the recent corporate insider activity of 468 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.
