Jefferies Raises Price Target on salesforce.com (CRM) Ahead of 1Q Report

MKM Partners Raises Price Target on salesforce.com (CRM) Following 1Q Earnings

MKM Partners reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $96.00 (from $86.00), following the company's 1Q earnings report. Reported billings of $1,632mn easily beat the consensus estimates of $1,458mn, and grew 31% Y/Y vs. guidance of 11-14%. Billings were likely aided by the broad price... More

Brean Capital Raises Price Target on salesforce.com (CRM) Following a Strong Billings Quarter

Brean Capital reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $110.00 (from $100.00), following the company's 1Q earnings report. SFDC beat the Street's estimates for billings, revenue and cash flow. The company's 31% y/y billings growth was driven by strength in large deal activity including one nine-figure transaction.

Analyst Yun Kim commented,... More

UBS Raises Price Target on salesforce.com (CRM) Following a Strong 1Q

UBS reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $100.00 (from $92.00), following the company's 1Q earnings report. Revenues of $1,917M beat the Street's $1,893M estimate as well as guidance of $1,885-1,895M. EPS was reported at $0.24, in line with the Street's $0.23, and at the high end of the... More

Mizuho Securities Raises Price Target on salesforce.com (CRM) Following 1Q Beat

Mizuho Securities reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $100.00 (from $90.00), following the company's 1Q earnings report. The company posted revenues of $1.92bn vs consensus of $1.89bn with most of the upside coming from subscriptions. Management reported... More

Mizuho Securities Reiterates Buy on Salesforce.com (CRM) Ahead of 1Q Report

Mizuho Securities reiterated a Buy rating and $90.00 price target on salesforce.com (NYSE: CRM) ahead of the company's 1Q earnings report. Checks continue to indicate share gains and momentum across the company's product portfolio. As is customary, Mizuho expects CRM to post results slightly... More

Salesforce's AWS Deal Could Eventually Lead to a Merger Deal of Some Sort - Piper Jaffray (CRM) (AMZN)

News sources reported that salesforce.com (NYSE: CRM) will be building its new IoT offering on Amazon's (NASDAQ: AMZN) AWS, a notable shift in the software development world. Piper Jaffray analyst, Alex J. Zukin, believes this deal could represent just the tip of the iceberg and comes on... More