Market Overview

UPDATE: Barrington Research Initiates Salesforce.com at Outperform on Fundamentals, Innovation

Share:
Related CRM
9 Stocks Technicians Are Watching Very Closely This Week
Salesforce Refusing To Give Back Monster Gains: A Technical Look
The Best Scoring Stocks To Buy Now (Seeking Alpha)

Barrington Research initiated coverage on Salesforce.com (NYSE: CRM) with an Outperform rating and a $180 price target.

Barrington Research said, "Having covered and monitored salesforce for nearly a decade, we are continually impressed with its innovation. We view it as the gold standard in cloud-based CRM and a driving force behind the corporate move to cloud computing. It has a large target market, an upsellable customer base, and an enviable partner ecosystem. We think its stock should trade at a premium to other fast-growth B2B SaaS companies and are initiating coverage with an OUTPERFORM investment rating and $180 price target."

Salesforce.com closed at $146.65 on Friday.

Latest Ratings for CRM

DateFirmActionFromTo
Mar 2015Argus ResearchDowngradesBuyHold
Feb 2015NomuraMaintainsBuy
Feb 2015Stifel NicolausMaintainsBuy

View More Analyst Ratings for CRM
View the Latest Analyst Ratings

Posted-In: Barrington ResearchAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (CRM)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→