In a report released yesterday, John Difucci from Jefferies reiterated a Hold rating on Salesforce.com (NYSE: CRM), with a price target of $80. The company’s shares opened today at $90.01, close to its 52-week high of $90.28.
According to TipRanks.com, Difucci is a top 100 analyst with an average return of 17.4% and a 71.9% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Palo Alto Networks, and CommVault Systems.
Salesforce.com has an analyst consensus of Strong Buy, with a price target consensus of $95.90.
Based on Salesforce.com’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $2.29 billion and GAAP net loss of $51.44 million. In comparison, last year the company earned revenue of $1.92 billion and had a net profit of $38.76 million.
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salesforce.com, inc. is a customer relationship management company, which provides enterprise software. Its Customer Success Platform offers a comprehensive portfolio of services, such as sales force automation, customer service and support, marketing automation, digital commerce, community management, analytics, application development, IoT integration, collaborative productivity tools and professional cloud services. The company enables industries and companies of all sizes to connect their customers using cloud, social, mobile and data science technologies. It also encourages third parties to develop additional functionality and new apps that run on its platform and other developer tools. salesforce.com was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.