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)

by Josh Selway

Published on Sep 1, 2016 at 10:25 AM
Updated on Jun 24, 2020 at 10:16 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. 
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