Rosenblatt Securities Reiterates Their Buy Rating on Salesforce.com

By Jason Carr

In a report issued on May 19, Marshall Senk from Rosenblatt Securities reiterated a Buy rating on Salesforce.com (NYSE: CRM), with a price target of $100. The company’s shares closed last Friday at $87.40, close to its 52-week high of $91.

According to TipRanks.com, Senk is a 3-star analyst with an average return of 6.7% and a 67.6% success rate. Senk covers the Technology sector, focusing on stocks such as Palo Alto Networks, Barracuda Networks, and Proofpoint Inc.

Currently, the analyst consensus on Salesforce.com is Strong Buy and the average price target is $98.05, representing a 12.2% upside.

In a report issued on May 10, RBC Capital also reiterated a Buy rating on the stock with a $88 price target.

Salesforce.com’s market cap is currently $61.83B and has a P/E ratio of 437. The company has a book value ratio of 8.2441.

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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.