Loading...
Loading...
In a report published Thursday, S&P Capital IQ analysts maintained a Hold rating on
salesforce.com IncCRM.
According to an unconfirmed news report, CRM is working with financial advisers to help it find takeover offers after being approached by a potential acquirer.
"Given CRM's market capitalization of close to $50 billion, we see a limited number of potential suitors," the analysts added.
The company's stock traded near an all-time high today, and has a FY16 (Jan.) P/E of more than 100X. "Although we believe large technology players could be very interested in CRM's strong-growth cloud businesses/offerings, we see its large size and premium valuation as challenges for a would-be acquirer," the analysts wrote.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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