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UPDATE: Jefferies Reiterates on salesforce.com as ExactTarget Drives Higher F3Q Results and Guidance

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In a report published Tuesday, Jefferies analyst Ross MacMillan reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target from $57.00 to $66.00.

In the report, Jefferies noted, “CRM posted solid F3Q14 results as ExactTarget drove billings and revenues above our estimates. The F4Q revenue guidance is above, and preliminary FY15 guidance is in-line with our prior forecasts. However, growth and integration investments are offsetting leverage. CRM remains the best growth mid/large cap name in our group. Retain Buy.”

salesforce.com closed on Monday at $55.51.

Latest Ratings for CRM

DateFirmActionFromTo
Jan 2020MaintainsOverweight
Jan 2020MaintainsOverweight
Jan 2020MaintainsOutperform

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