UPDATE: Stifel Reiterates on salesforce.com Following Solid F3Q14 Results
In a report published Tuesday, Stifel analyst Tom Roderick reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target from $60.00 to $65.00.
In the report, Stifel noted, “On Monday, November 18, after the close, salesforce.com reported F3Q14 results that came in solidly ahead of expectations across all key metrics, including the all-important calculated bookings metric. With 130,000+ people pouring into San Francisco this week for Dreamforce, we expect investors to quickly move on from a healthy 3rd quarter and focus on key product and partner announcements from the Moscone Center.”
salesforce.com closed on Monday at $55.51.
Latest Ratings for CRM
|Feb 2017||Needham||Initiates Coverage On||Hold|
|Jan 2017||Pivotal Research||Downgrades||Buy||Hold|
|Dec 2016||Drexel Hamilton||Initiates Coverage On||Buy|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.