Mizuho Securities Believes Salesforce.com (NYSE: CRM) Still Has Room to Grow

By Jason Carr

In a report released today, Abhey Lamba from Mizuho Securities reiterated a Buy rating on Salesforce.com (NYSE: CRM), with a price target of $120. The company’s shares closed on Friday at $105.24, close to its 52-week high of $105.38.

According to TipRanks.com, Lamba is a 5-star analyst with an average return of 10.5% and a 63.8% success rate. Lamba covers the Technology sector, focusing on stocks such as Black Knight Financial Services, CommVault Systems, and Microstrategy Inc.

Currently, the analyst consensus on Salesforce.com is Strong Buy and the average price target is $113.24, representing a 7.6% upside.

In a report issued on October 30, Guggenheim also initiated coverage with a Buy rating on the stock with a $125 price target.

The company has a one-year high of $105.38 and a one-year low of $66.43. Currently, Salesforce.com has an average volume of 4.21M.

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salesforce.com, inc. is a customer relationship management company, which engages in the provision of enterprise software.