Market Overview

Canaccord Sees Salesforce Shares Near $180 Within 3 Months

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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

DateFirmActionFromTo
Dec 2014Drexel HamiltonInitiates Coverage onHold
Dec 2014JefferiesMaintainsUnderperform
Dec 2014Piper JaffrayAssumesOverweight

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