In a report published Tuesday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $70.00 price target on salesforce.com, inc. CRM.
In the report, Morgan Stanley noted, “Analyst Day discussions centered on TAM expansion with the introduction of Analytics Cloud, as well as near-term model leverage and long-term operating margin potential. Wes ee a sustainable $100B+ TAM, which should combine with margin leverage to yield a consistent 30%+ FCF grower. Remain OW.”
Salesforce.com, inc. closed on Monday at $53.23.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in