UPDATE: Atlantic Equities Assumes salesforce.com (CRM) at Overweight

(Updated - November 22, 2021 6:32 AM EST)

Atlantic Equities analyst Peter Sazel assumes coverage on salesforce.com (NYSE: CRM) with a Overweight rating and a price target of $360.00.

The analyst comments "We believe Salesforce benefits from three unique characteristics that would be very hard to replicate. First, Salesforce has developed an ecosystem of app developers and third-party software vendors that create a beneficial network effect. The more customers on the platform, the more attractive it becomes to third-party app developers which makes it even more attractive to customers. Second, Salesforce's investment arm further ensures the ecosystem's vibrancy by investing in teams that build on top of the platform. Third, Salesforce has a unique approach to corporate culture, Stakeholder Capitalism and philanthropy."

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 $301.17 yesterday.

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