Market Overview

FBR Reiterates Salesforce Outperform After Seeing 'Momentum' In Europe


In a report published Monday, FBR Capital Markets analyst Samad Samana maintained an Outperform rating on, inc. (NYSE: CRM), with a price target of $82, after recent checks showed strong momentum in Europe.

Salesforce's business momentum continued to be strong and the company's strong performance in EMEA could "drive upside to current estimates," analyst Samad Samana said.

Samana expects the company's growth to be driven by plenty of new business opportunities, increased demand for Marketing cloud in EMEA and an increase in the focused practices of the partners.

In the report FBR Capital Markets noted, "…our checks lead us to believe constant currency-based revenue in EMEA will continue to grow rapidly in FY16 and FY17…EMEA represents just under 20% of's revenue, and the ~$1 billion annual revenue run-rate is only a fraction of Oracle's and SAP's application revenue in the region.

Samana believes that the company has merely "scratched the surface of its revenue opportunity in EMEA," while stating that the recent checks suggested "the company is experiencing healthy demand, executing well, and taking market share from its rivals."

Latest Ratings for CRM

Dec 2019MaintainsOverweight
Dec 2019MaintainsOutperform
Nov 2019MaintainsOutperform

View More Analyst Ratings for CRM
View the Latest Analyst Ratings

Posted-In: FBR Capital MarketsAnalyst Color Reiteration Analyst Ratings


Related Articles (CRM)

View Comments and Join the Discussion!

Latest Ratings

PLCEB. Riley FBRDowngrades59.0
ASPUCanaccord GenuityMaintains11.0
AAPLEvercore ISI GroupMaintains305.0
THTXMackie ResearchUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Mid-Morning Market Update: Markets Open Higher; BorgWarner To Acquire Remy International For $29.50/Share

USD/CAD Moves Higher