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