salesforce.com (CRM) Tops Q1 EPS by 1c; Bumps Outlook

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

salesforce.com (CRM): Raymond James Ups PT to Triple Digits

Raymond James analyst, Terry Tillman reiterated the Strong Buy rating on alesforce.com (NYSE: CRM) and increased the PT to $100 (from $90) following another impressive quarter, with continued momentum on a number of key growth vectors. These include impressive progress on enterprise deals (record 1Q;... 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

Salesforce.com (CRM): Jefferies Looking To Upgrade

Jefferies analyst, John DiFucci, reiterated his Hold rating after CRM reported very strong results for the 2nd consecutive quarter. He believes the upside was largely driven by traction in the enterprise market to supplement consistent performance in the mid-market and below. F1Q estimates were easily exceeded, while F2Q guidance was above the Street and meaningfully raised for FY17. New Subscription ACV accelerated to 56% growth and the NPV... More

BTIG Boosts PT on salesforce (CRM) to $100; Q1 Boosted by Strong Cloud Results

BTIG lifts its price target on Buy-rated salesforce.com (NYSE: CRM) from $88 to $100 following Q1 results reported Wednesday night.

Analyst Joel Fishbien noted that salesforce continues to be a leader in cloud applications. The quarter was highlighted by acceleration in the core Sales Cloud (up +15%... More

salesforce.com (CRM) Partnership with Amazon.com (AMZN) Confirmed - Piper Jaffray

PiperJaffray analyst, Alex Zukin, believes the most important metrics in Salesforce.com's (NYSE: CRM) quarter were: billings of $1.632 billion (+31% Y/Y), the announcement of a large strategic deal with Amazon, another 9-figure deal, Sales Cloud accelerating in 1Q to 15% and accelerating backlog growth of 28%.... More