Nomura Securities Maintains a 'Buy' on salesforce.com (CRM); Q4 Preview
Tweet
Share
E-mailGet Alerts CRM Hot Sheet
Price: $196.21 -2.56%
Rating Summary:
48 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
48 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on salesforce.com (NYSE: CRM) price target of $155.00.
Analyst, Rick Sherlund, said, "Salesforce.com will report Q4 (Jan) F12 results on Thursday, February 23. We believe Salesforce will likely exceed current consensus revenue estimates for Q4 12 of $624mn, as well as implicit billings guidance of $918mn - $922mn. We maintain a Buy rating, but near term good news is likely priced into the stock, which is up 26% CY2012 YTD. The shares are selling at 35x EV to NTM unlevered cash flow. We think the company has robust growth potential as it begins to deliver a much broader product footprint and leadership in creating a new category around the social enterprise."
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 $128.07 yesterday.
Analyst, Rick Sherlund, said, "Salesforce.com will report Q4 (Jan) F12 results on Thursday, February 23. We believe Salesforce will likely exceed current consensus revenue estimates for Q4 12 of $624mn, as well as implicit billings guidance of $918mn - $922mn. We maintain a Buy rating, but near term good news is likely priced into the stock, which is up 26% CY2012 YTD. The shares are selling at 35x EV to NTM unlevered cash flow. We think the company has robust growth potential as it begins to deliver a much broader product footprint and leadership in creating a new category around the social enterprise."
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 $128.07 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan Assumes salesforce.com (CRM) at Overweight, 'Overblown Concerns'
- salesforce.com (CRM) PT Raised to $210 at UBS
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
NomuraSign 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!
