Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Announces Salesforce for Messenger Platform

[PR Newswire] – SAN FRANCISCO, April 12, 2016 /PRNewswire/ — Salesforce (CRM), the Customer Success Platform and world’s #1 CRM company, today announced Salesforce for Messenger Platform—the latest innovation in its ongoing strategic partnership with Facebook. Together, the companies are empowering companies to engage their customers through dynamic experiences around products, brands and moments—all connected to their business. Powered by Salesforce Lightning, the proven platform for more than 150,000 companies and millions of users, Salesforce for Messenger will deliver personalized engagement at scale with CRM data. Today, Salesforce extends its leadership in CRM with the launch of Salesforce for Messenger. Read more on this. salesforce.com, inc. (CRM) , currently valued at $49.89B, started trading this morning at $74.53. Shares have traded today between $73.44 and $74.54 per share with the price of the stock fluctuating between $52.60 to $82.90 over the last 52 weeks. CRM shares are currently priced at 73.43x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.83x earnings multiple for the same period. 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. Investors should also note that the full-year EPS estimate of $1.01 is a $0.26 improvement when compared to the previous year’s annual results. 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. In terms of ratings, Macquarie Initiated CRM at Outperform (Mar 4, 2016). Previously, Credit Agricole upgraded CRM from Outperform to Buy. With the above information in mind, readers should note that the average price target is $88.49, which is 18.73% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan Market Update (NYSE:CRM): Salesforce Announces Appointment of Neelie Kroes to its Board of Directors Company Update: Salesforce.com Inc (NYSE:CRM) – Salesforce Announces General Availability of Salesforce Health Cloud — Building Patient Relationships, Not Records