Morgan Stanley Has Positive Outlook On Salesforce

In a report published Tuesday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $70.00 price target on

. 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.