Buy salesforce.com (CRM) on Any Weakness - Goldman
Ahead of the company's Q3 results on Tuesday, Goldman Sachs reiterated a Buy on salesforce.com (NYSE: CRM) with a price target of $190.00.
"Given mixed field checks and our estimate for a slightly greater than expected F/X tailwind, we see the potential for deferreds to be in line with to slightly below our estimate of $1.29 bn, up 40% yoy, compared to consensus of $1.30 bn, up 41% yoy," said analyst Heather Bellini.
She thinks it is possible bookings could fall slightly below consensus this quarter and next, but sees any pullback as a buying opportunity.
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 $144.30 yesterday, with a 52 week range of $94.09-$164.75.
"Given mixed field checks and our estimate for a slightly greater than expected F/X tailwind, we see the potential for deferreds to be in line with to slightly below our estimate of $1.29 bn, up 40% yoy, compared to consensus of $1.30 bn, up 41% yoy," said analyst Heather Bellini.
She thinks it is possible bookings could fall slightly below consensus this quarter and next, but sees any pullback as a buying opportunity.
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 $144.30 yesterday, with a 52 week range of $94.09-$164.75.