Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce just bought a machine learning startup that was backed by its CEO Marc Benioff

[Business Insider] – Salesforce just bought another startup in the machine learning space, an area the cloud… Read more on this. salesforce.com, inc. (CRM) , valued at $50.78B, opened this morning at $75.85. During the trading session, CRM traded between $75.41 to $76.44 with its 52-week range being $52.60 to $82.90. Priced at 74.98x this year’s forecasted earnings, CRM shares are relatively expensive compared to the industry’s 17.35x forward p/e ratio. Consensus earnings for the current quarter by the 39 sell-side analysts covering the stock is an estimate of $0.23 per share, which would be $0.07 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $1.01, which would be a $0.26 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.89 Billion. If reported, that would be a 25.17% increase over the year-ago quarter. More recently, Macquarie Initiated CRM at Outperform (Mar 4, 2016). Previously, Credit Agricole upgraded CRM from Outperform to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $88.49, which is 16.66% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Stock Update: Salesforce.com Inc (NYSE:CRM) – Salesforce CEO Benioff: ‘We Will Win In Georgia’ Against ‘Religious Liberty’ Bill Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Chairman and CEO Marc Benioff to Speak at White House Event Stock Update (NYSE:CRM): Salesforce Chairman and CEO Marc Benioff to Participate in the World Economic Forum Annual Meeting 2016