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 above guidance. CRM will report earnings results on Wednesday, May 18.

Analyst Abhey Lamba commented, "Salesforce.com will report F1Q17 results on Wednesday, May 18. Given the nature of its business model and continued momentum of its solutions, we expect the company to post upside to estimates. For outlook, we believe the company could raise its top-line forecast as currency has also become a tailwind. We view CRM as a good long-term story but do not expect earnings to be a catalyst as sentiment is universally positive and beat and raise is widely expected. Maintaining Buy rating and $90 PT."

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 $76.37 yesterday.

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