Salesforce forecasts profit below expectations

salesforce.com (CRM) PT Raised to $130 at Canaccord Genuity

Canaccord Genuity raised its price target on salesforce.com (NYSE: CRM) to $130.00 (from $120.00) while maintaining a Buy rating following the company's 3Q. CRM reported FQ3 revenue and non-GAAP EPS of $2.68B and $0.39, which were respectively $30M and a $0.02 ahead of estimates.

Canaccord... More

salesforce.com (CRM) PT Raised to $122 at Goldman Sachs Following 3Q Release

Goldman Sachs raised its price target on salesforce.com (NYSE: CRM) to $122.00 (from $110.00) while maintaining a Buy rating following the company's 3Q earnings report. CRM reported revenue of $2.68bn, above consensus of $2.65bn and guidance of $2.64-2.65bn. Non-GAAP EPS of $0.39 compared to FactSet... More

salesforce.com (CRM) PT Raised to $124 at KeyBanc Following 3Q

KeyBanc raised its price target on salesforce.com (NYSE: CRM) to $124.00 (from $108.00) while maintaining a Overweight rating following the company's 3Q earnings report. Salesforce delivered another solid quarter with upside driven by 25% revenue growth and 59% EPS growth, in part driven by healthy margin... More

Mizuho Securities Reiterates Buy on salesforce.com (CRM) Following 3Q

Mizuho Securities reiterates Buy rating and $120.00 price target on salesforce.com (NYSE: CRM) following the company's 3Q release. Salesforce.com reported total revenues of $2.68bn, above consensus of $2.65bn. EPS of $0.39 was ahead of consensus of $0.37 as well.

Management guided FY18 revenues to... More

salesforce.com (CRM) PT Raised to $135 at Piper Jaffray Following 3Q

Piper Jaffray raised its price target on salesforce.com (NYSE: CRM) to $135.00 (from $130.00) while maintaining an Overweight rating. Salesforce posted a very strong third quarter, highlighted by billings of $2.25 billion vs consensus at $2.02 billion. The strong quarter was also evidenced by a steep... More

salesforce.com (CRM) PT Raised to $122 at SunTrust Robinson Humphrey Following 3Q

SunTrust Robinson Humphrey raised its price target on salesforce.com (NYSE: CRM) to $122.00 (from $114.00) while maintaining a Buy rating following the company's 3Q earnings report. The company reported solid 3Q18 results with revenue, operating margin, EPS and billings above consensus. 3Q18 total revenue of... More

salesforce.com (CRM) PT Raised to $130 at Wells Fargo Following 3Q Beat

Wells Fargo raised its price target on salesforce.com (NYSE: CRM) to $130.00 (from $120.00) while maintaining a Outperform rating following the company's 3Q earnings report. Salesforce.com reported EPS of $0.39 and $2.680 billion in revenue versus consensus of $0.37 and $2.651 billion. Billings equaled $2.253 billion versus consensus of $2.001... More