In a report released yesterday, Kash Rangan from Merrill Lynch reiterated a Buy rating on Salesforce.com (CRM), with a price target of $200. The company’s shares opened today at $152.47.
According to TipRanks.com, Rangan is a 5-star analyst with an average return of 14.5% and a 70.9% success rate. Rangan covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, Cloudera Inc, and Oracle Corp.
Currently, the analyst consensus on Salesforce.com is a Strong Buy with an average price target of $183.63, which is a 20.4% upside from current levels. In a report issued on May 8, Monness also maintained a Buy rating on the stock with a $195 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 earned revenue of $3.01 billion and had a net profit of $344 million.
Based on the recent corporate insider activity of 515 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.
