Stock Update (NYSE:CRM): Salesforce Service Cloud Named a Leader by Independent Research Firm

[PR Newswire] – SAN FRANCISCO, Jan. 7, 2016 /PRNewswire/ — Salesforce (NYSE: CRM), the Customer Success Platform and world’s #1 CRM company, today announced Salesforce Service Cloud was named a leader by Forrester Research … Read more on this. salesforce.com, inc. (CRM) , with a current value of $49.41B, started the session at $75.13. Today’s price range has been between $74.37 and $75.60 per share with the price of the stock fluctuating between $54.95 to $82.90 over the last 52 weeks. Salesforce (CRM) shares are currently priced at 102.73x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.71x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 40 sell-side analysts are looking at $0.19 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $0.75, which would be a $0.23 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.79 Billion. If reported, that would be a 24.31% increase over the year-ago quarter. More recently, Wedbush upgraded CRM from Neutral to Outperform (Dec 18, 2015). Previously, Pivotal Research Group upgraded CRM from Hold to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $89.77, which is 19.49% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Stock Update (NYSE:ACN): Accenture Interactive Named a Leader among Digital Experience Service Providers by Independent Research Firm Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Unveils the Next Wave of Salesforce Analytics Cloud–Delivering Actionable Insights Across the Customer Success Platform Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Introduces Salesforce Financial Services Cloud: Transforming the Client-Advisor Relationship