RBC Capital Upgrades salesforce.com (CRM) to Top Pick

RBC Capital analyst Alex Zukin upgraded salesforce.com (NYSE: CRM) from Outperform to Top Pick with a price target of $215.00 (from $200.00).

The analyst comments "We are upgrading Salesforce.com to Top Pick from Outperform, given what we see as significant upside potential in 2020. We raise our PT to $215 from $200, which implies 33x our base case CY21E FCF of $5.8B, and represents ~30% implied upside to current price levels."

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 $166.99 yesterday.

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