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

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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
Jun 2016Cowen & CompanyInitiates Coverage onOutperform
Jun 2016BMO CapitalInitiates Coverage onOutperform
Jun 2016SunTrust Robinson HumphreyMaintainsBuy

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

 

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