Analysts Boost Price Target as Success of salesforce.com (CRM) Conference Shows User Enthusiasm
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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
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Needham & Company reiterated a Buy rating on salesforce.com (NYSE: CRM) and raised their price target to $180.00 (from $160.00).
Analysts said they spent time last week talking to customers and partners and others at salesforce’s mega user conference, Dreamforce.
“The event was higher energy and more impressive than even we would have imagined, likely attributed to the momentum of SaaS and salesforce’s clear leadership in the space,” said analyst Michael Huang.
“The biggest takeaway in our view is that there’s significant enterprise enthusiasm around a number of newer products, which gives us incremental confidence in premium growth rates and accelerated share gains through the foreseeable future,” he said.
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 $155.20 yesterday.
Analysts said they spent time last week talking to customers and partners and others at salesforce’s mega user conference, Dreamforce.
“The event was higher energy and more impressive than even we would have imagined, likely attributed to the momentum of SaaS and salesforce’s clear leadership in the space,” said analyst Michael Huang.
“The biggest takeaway in our view is that there’s significant enterprise enthusiasm around a number of newer products, which gives us incremental confidence in premium growth rates and accelerated share gains through the foreseeable future,” he said.
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 $155.20 yesterday.
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