Canaccord Genuity Reiterates a 'Buy' on salesforce.com (CRM); Upsides Across the Board
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Price: $256.00 +1.57%
Rating Summary:
48 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
48 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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Canaccord Genuity reiterates a 'Buy' on salesforce.com (NYSE: CRM) price target of $180.00.
Analyst, Richard Davis, said, "This is a tough tape, and if Europe keeps dragging stocks down CRM will decline as well. However, once individual company fundamentals matter again, we are quite confident that CRM shares will quickly resume their upward trajectory. When you combine a solid 90-day report card that produced an always popular beat and raise, it seems pretty clear that CRM’s fundamentals put them into the top 1% of software companies worldwide (yes we realize CRM says they’re not software, but they deliver software-based services over the cloud). In any case, if you fear macro and the stock market, we’d suggest at least inching your way into CRM shares. If you’re more aggressive, you can rejoice at the discounted price that fear has produced for new buyers and buy a bigger position."
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 $133.80 yesterday.
Analyst, Richard Davis, said, "This is a tough tape, and if Europe keeps dragging stocks down CRM will decline as well. However, once individual company fundamentals matter again, we are quite confident that CRM shares will quickly resume their upward trajectory. When you combine a solid 90-day report card that produced an always popular beat and raise, it seems pretty clear that CRM’s fundamentals put them into the top 1% of software companies worldwide (yes we realize CRM says they’re not software, but they deliver software-based services over the cloud). In any case, if you fear macro and the stock market, we’d suggest at least inching your way into CRM shares. If you’re more aggressive, you can rejoice at the discounted price that fear has produced for new buyers and buy a bigger position."
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 $133.80 yesterday.
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