Cowen Remains Bullish on salesforce.com (CRM) Following 2Q

September 1, 2016 8:10 AM EDT
Get Alerts CRM Hot Sheet
Price: $68.41 --0%

Rating Summary:
    51 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 27 | Down: 20 | New: 14
Trade CRM Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Cowen reiterated an Outperform rating and $100.00 price target on salesforce.com (NYSE: CRM) following the company's 2Q earnings report.

Analyst Derrick Wood commented, "CRM called out end-of-qtr softness in the U.S. that seemingly weighed on hitting internal bookings targets. But mgmt expressed a high degree of confidence in 2H pipelines and we think the structural growth fundamentals are well intact. CRM has historically delivered a strong rebound after a miss; and coupled w/ upcoming catalysts around Dreamforce (early Oct), we recommend buying on the weakness."

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

Shares of salesforce.com closed at $79.42 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments

Related Entities

Cowen & Co, Earnings

Add Your Comment