Market Overview

Morgan Stanley is Looking for Momentum to Sustain salesforce.com into FY15

Share:
Related CRM
MKM Counting On 'Solid' Q2 Billings From Salesforce; Sees 'Return Of M&A A Possibility'
Deutsche Bank: Buy Xactly After Salesforce Vote Of Confidence
The Vetr community has upgraded $CRM to 4.5-Stars. (Vetr)

In a report published Monday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $72.00 price target on salesforce.com (NYSE: CRM).

In the report, Morgan Stanley noted, “Our work suggests overall demand trends for Salesforce.com remain strong, particularly for Service Cloud and Platform, while early synergies continue to emerge from the ExactTarget tie-up. Overall, we still see the potential for upside to FY15 estimates and remain buyers into the print.”

salesforce.com closed on Friday at $63.59.

Latest Ratings for CRM

DateFirmActionFromTo
Jul 2015Northland SecuritiesInitiates Coverage onOutperform
Jul 2015Brean CapitalUpgradesHoldBuy
Jun 2015BairdMaintainsOutperform

View More Analyst Ratings for CRM
View the Latest Analyst Ratings

Posted-In: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CRM)

Get Benzinga's Newsletters