BMO Capital Believes Salesforce.com (NYSE: CRM) Won’t Stop Here

By Jason Carr

In a report released today, Keith Bachman from BMO Capital reiterated a Buy rating on Salesforce.com (NYSE: CRM), with a price target of $100. The company’s shares closed last Friday at $89.04, close to its 52-week high of $89.28.

According to TipRanks.com, Bachman is a 5-star analyst with an average return of 12.7% and a 68.9% success rate. Bachman covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Electronics for Imaging, and Palo Alto Networks.

Currently, the analyst consensus on Salesforce.com is Strong Buy and the average price target is $96.70, representing an 8.6% upside.

In a report issued on May 12, Piper Jaffray also maintained a Buy rating on the stock with a $100 price target.

Salesforce.com’s market cap is currently $62.99B and has a P/E ratio of 329.78. The company has a book value ratio of 8.3988.

Based on the recent corporate insider activity of 467 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Burke Norton, the EVP & CLO of CRM sold 210,800 shares for a total of $17,226,576.

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.

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.