Analyst Downgrades: salesforce.com, inc., Five Below Inc, and JetBlue Airways Corporation

Analysts downwardly revised their ratings and price targets on salesforce.com, inc. (NYSE:CRM), Five Below Inc (NASDAQ:FIVE), and JetBlue Airways Corporation (NASDAQ:JBLU)

Josh Selway

Sep 1, 2016 at 10:25 AM

Analysts are weighing in on cloud computing specialist salesforce.com, inc. (NYSE:CRM), retail stock Five Below Inc (NASDAQ:FIVE), and airline JetBlue Airways Corporation (NASDAQ:JBLU). Here's a quick roundup of today's bearish brokerage notes on CRM, FIVE, and JBLU.

CRM is sinking today, down 4.8% at $75.63 -- putting the stock in negative year-to-date territory -- following its earnings release last night. Despite topping analysts' earnings-per-share estimates, the company announced a downbeat sales outlook. As such, price-target reductions have come in from at least six brokerage firms, ranging from $85 to $96. Of course, the analyst community is still a huge fan of salesforce.com, inc., with 24 of 26 covering analysts rating it a "strong buy."
After diving out of the gate, FIVE pared its losses to 1.5% at $43.88, after the company posted a fiscal second-quarter earnings beat, with a current-quarter outlook lower than expected. Deutsche Bank responded to this by trimming its price target to $45 from $46. Five Below Inc has put in a strong year, gaining 37% so far, and short sellers have been showing signs of unease. Specifically, short interest on Five Below Inc declined by almost 10% in the last two reporting periods, but 13% of the stock's total float is still sold short.

JBLU is feeling pressure from a price-target cut to $20 from $24 at Raymond James, with the shares last seen 0.4% lower at $15.89. This is just another display of technical weakness from JetBlue Airways Corporation, which has stair-stepped lower from its 2016 breakeven mark of $22.65. More bearish notes are a possibility if the stock continues to struggle, considering 71% of analysts still rate it a "buy" or better.

Find out where the Dow lands right after the closing bell. Sign up now for Schaeffer's Market Recap

Follow @Schaeffers

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade. Professional traders have rushed into the market and are making a mint. Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.