Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on salesforce.com

Share:
Related CRM
Watch These 8 Huge Call Purchases In Thursday Trade
Benzinga's Option Alert Recap From July 19
When Software Mergers Heat Up, These Companies Will Be Buyers (Investor's Business Daily)

In a report published Friday, Jefferies & Company reiterated its Buy rating on salesforce.com (NYSE: CRM), and raised its price target from $180.00 to $200.00.

Jefferies noted, “We remain positive on CRM after hosting investor meetings with mgmt, undertaking some checks with partners and re-visiting our model. We believe the opportunity set in sales/ service/ marketing and platform, coupled with international expansion, should allow the company to sustain billings growth rates that support forward revs, EPS and CFFO ests. We shift our PT to $200 and maintain our Buy.”

salesforce.com closed on Thursday at $171.13.

Latest Ratings for CRM

DateFirmActionFromTo
Jun 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy
Apr 2017BenchmarkInitiates Coverage OnOutperform
Apr 2017Credit SuisseInitiates Coverage OnOutperform

View More Analyst Ratings for CRM
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (CRM)

View Comments and Join the Discussion!