salesforce.com (CRM) PT Raised to $235 at BofA Securities; Sees Modest 'Beat and Raise'
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Price: $206.09 +5.07%
Rating Summary:
48 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
48 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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BofA Securities analyst Kash Rangan raised the price target on salesforce.com (NYSE: CRM) to $235.00 (from $210.00) while maintaining a Buy rating into Q2 results.
- Expect a modest beat and raise quarter, with recovery in CY21
- "We believe Q2 rev growth could come in at 25% (14% org) vs our model at 22.6% (12% org) and cRPO could come in at 19% (15% org) vs our 16.5% (12% org) given that trends cont to strengthen from April Q (17% org cRPO) but off of tougher comps."
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