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A Closer Look At 4 Tech Stocks Getting Higher Target Prices

 

3)  Salesforce.com, Inc. (CRM)

30 analysts expect CRM is worth $200.18 on average, up from $187.54. Analysts have a bullish 4.4 rating on the company. Salesforce reported Q4 EPS of $0.51, beating estimates by $0.11. Revenue rose 32% to $834.7M, beating estimates by $3.9M. The company guided earnings and revenue within consensus. For the fiscal year ending January 2014, the company expects EPS to be $1.93 to $1.97 on revenue of $3.82 – $3.87B.

Investors should note that insiders have been selling shares over the last few years.

 

4) Verisign (VRSN)

Analysts raised their target on Verisign to $42.92, well-below the recent trading price of $46.17. Verisign reported Q4 earnings in late-January 2013 that beat consensus by $0.08. The company earned $0.59 per share on revenue of $230M. Not all analysts are bullish. Credit Suisse recently downgraded the company to “Neutral” from “outperform.”

 

 

( List compiled by KAPITALL Contributor Chris Lau )

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