Loading...
Loading...
In a report published Thursday, JMP Securities analyst Patrick Walravens raised
Salesforce.com, IncCRM fourth quarter billings growth estimate from 30% to 34%, expecting a "blow-out" fourth quarter.
Walravens commented that his checks suggest that Salesforce.com won a deal with a Fortune 100 transportation company which may be worth over $80 million over six years. The analyst noted that it had been approximately two years since the company has made a deal of this size. JMP added that Salesforce.com closed two to three deals over $10 million each and potentially a third.
The analyst reported that this deal suggest a strong fourth quarter and is a positive indicator for long-term investment.
According to Bloomberg data, Salesforce.com has 38 Buy rating, 3 Holds, and 4 Sells with an average $62.00 price target.
Shares of Salesforce.com closed at $61.63 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Posted In: Analyst ColorEarningsNewsRumorsFinancingOfferingsAnalyst RatingsJMP SecuritiesPatrick Walravens
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in