Barclays (LON:BARC) analyst Raimo Lenschow maintained a Buy rating on Salesforce (NYSE:CRM) on Friday, setting a price target of $190, which is approximately 8.70% above the present share price of $174.79.
Lenschow expects Salesforce to post earnings per share (EPS) of $0.11 for the second quarter of 2020.
The current consensus among 22 TipRanks analysts is for a Strong Buy rating of shares in Salesforce, with an average price target of $196.05.
The analysts price targets range from a high of $215 to a low of $120.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $4.87 billion and a net profit of -$140 million. The company's market cap is $157.12 billion.
According to TipRanks.com, Barclays analyst Raimo Lenschow is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.4% and a 75.12% success rate.
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.