Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on salesforce.com

Share:
Related CRM
Technical Alert: Salesforce.com Reaches October Low And Rebounds
Jim Cramer Shares His Thoughts On Salesforce, Advanced Micro Devices And Worthington Industries
Time To Sell Tech (Seeking Alpha)

In a report published Friday, Jefferies & Company reiterated its Buy rating on salesforce.com (NYSE: CRM), and raised its price target from $180.00 to $200.00.

Jefferies noted, “We remain positive on CRM after hosting investor meetings with mgmt, undertaking some checks with partners and re-visiting our model. We believe the opportunity set in sales/ service/ marketing and platform, coupled with international expansion, should allow the company to sustain billings growth rates that support forward revs, EPS and CFFO ests. We shift our PT to $200 and maintain our Buy.”

salesforce.com closed on Thursday at $171.13.

Latest Ratings for CRM

DateFirmActionFromTo
Nov 2016OTR GlobalUpgradesMixedPositive
Oct 2016RosenblattInitiates Coverage OnBuy
Oct 2016DA DavidsonMaintainsNeutral

View More Analyst Ratings for CRM
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (CRM)

View Comments and Join the Discussion!