BTIG Reaffirms salesforce.com (CRM) at 'Buy' Following Q3 Report

November 18, 2016 12:51 PM EST
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Price: $75.64 +0.57%

Rating Summary:
    51 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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BTIG affirms salesforce.com (NYSE: CRM) a Buy with a price target of $100 following Q3 results reported Thursday night.

Analyst Joel Fishbein commented today, The company adeptly changed its selling motion in the U.S. over the past quarter to align with a market shift, and the bounce-back in their home market coincided nicely with positive results across all geographies. Billings came in well ahead of consensus (+19% y/y vs. Street +13%), deal metrics were strong, and the company announced a record number of high value seven-figure transactions. Overall, we see the innovation pipeline and recent acquisitions as augmenting the company’s long-term value proposition, and believe in Salesforce’s ability to drive shareholder value.

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.



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