(CRM): What To Look For At Dreamforce (Besides Twitter) - Cowen

October 3, 2016 7:00 AM EDT
Get Alerts CRM Hot Sheet
Price: $76.03 +0.61%

Rating Summary:
    51 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade CRM Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with's Dividend Insider Elite. Sign-up for a FREE trial here.

Cowen analyst, Derrick Wood, reiterated his Outperform rating on shares of (NYSE: CRM) ahead of the annual user conference and analyst day (Tuesday).

One of the key focal points is expected to be the Salesforce Einstein release. This product embeds artificial intelligence (AI) capabilities into the core CRM platform including sales, service, marketing and commerce clouds for predicting outcomes, recommending next steps, discovering insights and automating tasks. Pricing and Availability has not been announced, but CRM has noted that many new Einstein features will be available at an additional charge and others will be included as part of existing licenses.

Out with Microsoft, in with Cisco. This year, Satya Nadella is not present and it seems like the two companies are focused more on competing against each other, judging by MSFT's displacement of CRM at HP; CRM's acquisition of Quip; and Benioff's reported attempt to raise anti-trust concerns around the MSFT/LinkedIn acquisition with European regulators.

No change to the price target of $100.

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

Shares of closed at $71.33 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Twitter, Cowen & Co, Definitive Agreement

Add Your Comment