Barrington Research Reiterates Outperform Rating, $180 PT on salesforce.com
In a report published Wednesday, Barrington Research reiterated its Outperform rating and $180.00 price target on salesforce.com (NYSE: CRM).
Barrington Research noted, “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 maintain our OUTPERFORM investment rating and $180 price target.”
salesforce.com closed on Tuesday at $145.90.
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