salesforce.com (CRM) PT Raised to $146 at RBC Capital
RBC Capital raised its price target on salesforce.com (NYSE: CRM) to $146.00 (from $130.00) while maintaining an Outperform rating.
Analyst Ross MacMillan raises estimates to reflect the impact from MULE and new accounting standards.
Meanwhile, underlying growth was raised for FY19 and despite a lowering of CFFO growth guidance for FY19, and they see the path to re-acceleration of cash flow growth in FY20 and beyond.