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UPDATE: Deutsche Bank Reiterates on salesforce.com Ahead of 3Q14 Report

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In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target from $58.00 to $65.00.

In the report, Deutsche Bank noted, “CRM reports 3Q14 on Monday, November 18 and we expect a modest beat as we believe guidance was conservative and we see minimal FX impact since they provided 3Q guidance. F3Q marks the first full quarter of ET's contribution, and we think the focus will be on how the acquisition helps upsell/ cross-sell opportunities in a reasonably overlapped customer base. We believe the ET portfolio makes CRM's Marketing Cloud much more credible for large enterprises and expands the company's TAM as marketing automation becomes a significant area of spend. Our open positions analysis shows uptick in hiring activity.”

salesforce.com closed on Friday at $57.31.

Latest Ratings for CRM

DateFirmActionFromTo
Nov 2017Credit SuisseMaintainsOutperform
Nov 2017Morgan StanleyMaintainsOverweight
Nov 2017UBSInitiates Coverage OnBuy

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Posted-In: Deutsche Bank Greg PooleAnalyst Color Price Target Analyst Ratings

 

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