UPDATE: Brean Capital Starts salesforce.com (CRM) at Buy
Get Alerts CRM Hot Sheet
Rating Summary:
45 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Brean Capital initiated coverage on salesforce.com (NYSE: CRM) with a Buy rating and a price target of $100.00.
Analyst Yun Kim commented: "We are initiating coverage of salesforce.com with a BUY rating and $100 TP. In our view, salesforce.com has now replaced SAP and ORCL as the de facto standard in enterprise business applications, which positions the company for the next stage of growth. As the company begins to gain traction as the enterprise business application standard in large organizations, we expect its large deal activity to show accelerated growth, driving incremental growth for the company. We believe its shares are likely to command higher multiples as it continues to execute on its growth strategy."
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 $73.18 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TD Cowen Starts Grindr (GRND) at Buy
- Hennes & Mauritz AB (HMB:SS) (HNNMY) PT Raised to SEK190 at RBC Capital, 'showing some promising signs '
- RBC Capital Starts TruBridge Inc (TBRG) at Outperform
Create E-mail Alert Related Categories
Analyst Comments, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!