Cloud Computing: Investors Buy Shares of salesforce.com, inc. on Weakness (CRM)

Grazed from DCProgressive.  Author: Lisa Michaels.

Investors bought shares of salesforce.com, inc. (NYSE:CRM) on weakness during trading hours on Friday, Analyst Ratings Net reports. $215.54 million flowed into the stock on the tick-up and $49.94 million flowed out of the stock on the tick-down, for a money net flow of $165.60 million into the stock. Of all stocks tracked, salesforce.com, inc. had the 31st highest net in-flow for the day. salesforce.com, inc. traded down ($0.92) for the day and closed at $71.40

Several brokerages have commented on CRM. Roth Capital reaffirmed a “buy” rating on shares of salesforce.com, inc. in a report on Monday, August 24th. FBR & Co. reiterated a “buy” rating and issued a $82.00 target price on shares of salesforce.com, inc. in a research report on Monday, July 13th. Jefferies Group restated a “sell” rating on shares of salesforce.com, inc. in a research report on Monday, August 24th…


Wedbush reiterated a “hold” rating on shares of salesforce.com, inc. in a research report on Monday, August 24th. Finally, S&P Equity Research reissued a “buy” rating and set a $75.00 price objective on shares of salesforce.com, inc. in a research note on Monday, August 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.54…

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