[at Market Realist] – Salesforce’s revenue growth rate was 21% in the last quarter, but Microsoft (MSFT) grew at a much faster rate of 70%. Read more on this. salesforce.com, inc. (CRM) , valued at $56.26B, started trading this morning at $82.98. Today’s price range has been between $82.76 and $83.23 per share with a one year range of $52.60 to $84.48. Salesforce (CRM) shares are currently priced at 84.52x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.90x earnings multiple for the same period. According to a consensus of 35 analysts, the earnings estimate of $0.23 per share would be $0.04 better than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $0.98, which would be a $0.23 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.02 Billion. If reported, that would be a 23.93% increase over the year-ago quarter. More recently, Macquarie Initiated CRM at Outperform (Mar 4, 2016). Previously, Credit Agricole upgraded CRM from Outperform to Buy. Given all the information above, we should disclose to readers that the average price target is $97.02, which is 16.92% above than it opened this morning. See more in (NYSE:CRM) Similar Articles: Market Update: Salesforce.com Inc (NYSE:CRM) – Salesforce.com (CRM) Stock Up, Expanding Internationally With Amazon.com Web Services Company Update (NYSE:CRM): WIll Salesforce.com (CRM) Stock Rise on Plan to Build New Service on Amazon.com’s Cloud? Company Update: Salesforce.com Inc (NYSE:CRM) – IBM to snap up Salesforce partner for $200 million