salesforce.com (CRM) PT Raised to $130 at Canaccord Genuity on 3Q Report; 'No Hesitation Recommending at Current Levels'
Canaccord Genuity raised its price target on salesforce.com (NYSE: CRM) to $130.00 (from $120.00) while maintaining a Buy rating, following the company's third quarter earnings report.
Analyst Richard Davis notes a positive outlook on the shares, as the company reported third quarter earnings per share and revenue results above consensus projections driven by impressive 17% YoY growth of Sales Cloud, coupled with acceleration in Service and App Cloud units.