Growth Stock in Focus: Salesforce.com Inc (NYSE:CRM)

Salesforce.com Inc (NYSE:CRM) has been given a positive Growth Style Score by Zack’s Research. The Growth score analyzes the growth prospects for a company in addition to analyzing company financials. The score takes into account various measures of the Income Statement, Cash Flow Statement and Balance Sheet to achieve a ranking of A-F, where A indicates that the stock has the best growth characteristics likely to outperform the market.

Analysts tracked by Zacks have given Salesforce.com Inc a mean long term growth estimate of 25.1. This number is based on sales and earnings over the next 3-5 years, calculated on a consensus basis. On a shorter term basis, analysts have a projected price target of $78.958 on the equity. This is a one-year consensus target based on 24 sell-side analysts providing estimates. The firm with the most bullish sentiment sees the stock reaching $90 while the most conservative has the target set at $49.

Sell-side firms use a variety of different terms such a Buy, Sell and Hold to rate their outlook on stocks. Using a simplified scale where Strong Buy equals 1 and Strong Sell equals 5, the consensus simplified rating for Salesforce.com Inc is 1.38.

Salesforce.com Inc (NYSE:CRM) is next slated to report quarterly results on 2015-08-20 where the Street is anticipating earnings per share of $0.05. Most recently the firm reported earnings of $0.02 for the period ending on 2015-04-30.

salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (CRM), applications through the Internet or cloud. Cloud computing refers to the use of Internet-based computing, storage and connectivity technology to deliver a variety of different services. The Company delivers its service through Internet browsers and mobile devices. It markets its social enterprise applications and platforms to businesses on a subscription basis, primarily through its direct sales efforts and indirectly through partners. In May 2013, salesForce.com Inc acquired Clipboard Inc. In July 2013, salesforce.com, Inc. completed its acquisition of ExactTarget Inc.

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