(CRM): Billings Deceleration Forces A PT Cut - Mizuho

September 1, 2016 7:10 AM EDT
Get Alerts CRM Hot Sheet
Price: $76.16 +0.17%

Rating Summary:
    51 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Mizuho Securities analyst, Abhey Lamba, reiterated his Buy rating on shares of (NYSE: CRM) but cut his price target to $85.00 (from $100.00) after reported mixed F2Q results.

The company beat on revenue and EPS, while billings showed meaningful deceleration on deal slippages. The analyst stated that "F3Q17 guidance, on implied billings, did not inspire confidence either. While secular trends remain in its favor, the quarter's performance combined with M&A commentary could attract scrutiny and create a pause among investors".

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

Shares of closed at $79.42 yesterday.

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Analyst Comments, Analyst EPS Change, Analyst PT Change

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