Susquehanna Analysts Lifts Price Target at Salesforce (NYSE:CRM); Stock Hikes to Record High – CRM, ORCL, GOOG, MSFT

Shares of salesforce.com, inc (NYSE:CRM), the largest manufacturer of online customer-management software, moved up to a highest level after Susquehanna Financial Group boosted its price forecasts for the stock, mentioning expansion prospects as corporate clients do additional computing tasks over the Internet.

The San Francisco, California based salesforce stock moved up 4.2% to $165 in New York and marked the record high level ending price since the corporation’s IPO in June 2004. Shares of the company broadened gains for the year to 63%.

Derrick Wood, an analyst at Susquehanna, reported in a research memo on Tuesday that salesforce is getting advantage as businesses more and more rely on cloud-computing to access and analyze data.

He boosted his price target for the company’s stock to $185 from $175.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Oracle Corporation (NASDAQ:ORCL) rose +0.84% to settle at $32.34, Google Inc (NASDAQ:GOOG) moved up +1.67% to end at $696.88 while Microsoft Corporation (NASDAQ:MSFT) jumped +1.41% to finish at $27.32 on Tuesday.

salesforce.com, inc. (NYSE:CRM) last session’s volume of 4.37 million shares was higher than its average volume of 1.92 million shares. The stock after opening at $158.35 hit high price of $165.89 and then closed at $165.00 by scoring +4.15%.

CRM generated revenue of $2.85 billion in the previous twelve months and earned -$253.68 million. The Company showed a negative -8.91% in the net profit margin as well as in its operating margin which remained at -3.38%. Company’s annual sales growth for the past five years was 35.45%.

The CRM’s past twelve months’ price to sales ratio was 8.23 and price to cash ratio remained 38.69. As far as the returns are concerned, CRM’s return on equity was recorded as -14.16% and return on investment decreased -12.69% while its return on asset stayed at -6.22%.

The stock showed weekly upbeat performance of 5.14% which was maintained for the month at 16.91%. Likewise the positive performance for the quarter was recorded as 10.49% and for the year was 36.78% while the YTD performance remained at 62.63%.

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