Market Overview

UPDATE: Stifel Reiterates on salesforce.com Following Solid F3Q14 Results

Related CRM
Jefferies Initiates Coverage On Software Companies
Jefferies: Big Slowdown For Salesforce.com Subscriber Growth
Tech Rewind: Uber Stirs Up the Pot ... Again (Fox Business)

In a report published Tuesday, Stifel analyst Tom Roderick reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target from $60.00 to $65.00.

In the report, Stifel noted, “On Monday, November 18, after the close, salesforce.com reported F3Q14 results that came in solidly ahead of expectations across all key metrics, including the all-important calculated bookings metric. With 130,000+ people pouring into San Francisco this week for Dreamforce, we expect investors to quickly move on from a healthy 3rd quarter and focus on key product and partner announcements from the Moscone Center.”

salesforce.com closed on Monday at $55.51.

Latest Ratings for CRM

DateFirmActionFromTo
Nov 2014JefferiesInitiates Coverage onUnderperform
Nov 2014DA DavidsonMaintainsNeutral
Oct 2014DA DavidsonMaintainsNeutral

View More Analyst Ratings for CRM
View the Latest Analyst Ratings

Posted-In: Stifel Tom RoderickAnalyst Color Price Target Analyst Ratings

 

Related Articles (CRM)

Around the Web, We're Loving...

Get Benzinga's Newsletters