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JG Capital Reiterates Overweight Rating, $185 PT on

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In a report published Wednesday, JG Capital reiterated its Overweight rating and $185.00 price target on (NYSE: CRM).

JG Capital noted, “For FQ4 (Jan), they guided to $825-830M and 38-40c, which is in-line with consensus. Deferred revs are expected to grow in the mid-to-high-20% range (low-30% range in CC), due to anniversary of multiyear invoice and annual invoicing policy change...We believe CRM will continue to take market share. We reiterate our Overweight rating on CRM with a 12-month price target of $185, which equates to an EV of 6.6x our FY:14E (Jan) revenue forecast.” closed on Tuesday at $145.90.

Latest Ratings for CRM

Oct 2016RosenblattInitiates Coverage OnBuy
Oct 2016DA DavidsonMaintainsNeutral
Sep 2016CitigroupMaintainsBuy

View More Analyst Ratings for CRM
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Posted-In: JG CapitalAnalyst Color Reiteration Analyst Ratings


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