Salesforce (CRM) Gets a Buy Rating from Northland Securities

By Carrie Williams

Northland Securities analyst Robert Breza maintained a Buy rating on Salesforce (CRMResearch Report) today and set a price target of $185.00. The company’s shares closed last Monday at $161.57, close to its 52-week high of $167.56.

According to TipRanks.com, Breza is a 5-star analyst with an average return of 13.3% and a 66.5% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software, Check Point, and MobileIron.

Salesforce has an analyst consensus of Strong Buy, with a price target consensus of $191.16, implying a 21.8% upside from current levels. In a report issued on November 20, Monness also maintained a Buy rating on the stock with a $210.00 price target.

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Based on Salesforce’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $4 billion and net profit of $91 million. In comparison, last year the company earned revenue of $3.39 billion and had a net profit of $105 million.

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