Canaccord Sees Salesforce Shares Near $180 Within 3 Months
Canaccord Genuity's Richard Davis sees shares of Salesforce.com moving toward $180 over the next several months. Davis is modeling for Salesforce to be reporting $10 billion in sales within the next six years.
The analyst's comments follow inline Q3 results and raised FY13 guidance from the company last night.
Davis maintains a Buy rating and $180 price target on Salesforce.com.
Latest Ratings for CRM
|Jan 2015||Mizuho Securities||Initiates Coverage on||Buy|
|Dec 2014||Drexel Hamilton||Initiates Coverage on||Hold|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.