Market Overview

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

Share:
Related CRM
9 Stocks Technicians Are Watching Very Closely This Week
Salesforce Refusing To Give Back Monster Gains: A Technical Look
The Vetr community has upgraded $CRM to 3-Stars. (Vetr)

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
Mar 2015Argus ResearchDowngradesBuyHold
Feb 2015NomuraMaintainsBuy
Feb 2015Stifel NicolausMaintainsBuy

View More Analyst Ratings for CRM
View the Latest Analyst Ratings

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

 

Related Articles (CRM)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→