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UPDATE: Stifel Reiterates on salesforce.com Following Solid F3Q14 Results

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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

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

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Posted-In: Stifel Tom RoderickAnalyst Color Price Target Analyst Ratings

 

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