Market Overview

Barrington Research Reiterates Outperform Rating, $180 PT on salesforce.com

Related CRM
Criteo Speculation Sparks Shares In Automated Marketing Sector
Saleforce Reports Offer of LinkedIn-Like Networking Service for Companies
IBM's (Not So) Secret Weapon: Hybrid Cloud Computing (Fox Business)

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.

Posted-In: Barrington ResearchAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CRM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters