Buy The Dip In Salesforce Shares Ahead Of Q4 Earnings

Nomura’s Frederick Grieb has maintained a Buy rating on salesforce.com, inc. CRM, with a price target of $90.

The company is scheduled to report its F4Q16 earnings on February 24, after market close. Although the stock has declined 23 percent since the F3Q16 earnings were reported, as compared to the 11 percent decline in the S&P 500, Grieb believes that salesforce.com continues to be among the leaders in the CRM space.

“While Salesforce’s flagship sales force automation product has become more mature, the ability to cross-sell its expanding product suite offers avenues for continued growth at scale,” according to the Nomura report.

Grieb expects the company to continue to expand its product set, while seeing success in the further penetration of its existing installed based via additional solutions.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorLong IdeasReiterationAnalyst RatingsTrading IdeasFrederick GriebNomura
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!