salesforce.com (CRM) PT Raised to $130 at Canaccord Genuity on 3Q Report; 'No Hesitation Recommending at Current Levels'
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Price: $148.20 -2.36%
Rating Summary:
51 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 10 | New: 23
Rating Summary:
51 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 10 | New: 23
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Canaccord Genuity raised its price target on salesforce.com (NYSE: CRM) to $130.00 (from $120.00) while maintaining a Buy rating, following the company's third quarter earnings report.
Analyst Richard Davis notes a positive outlook on the shares, as the company reported third quarter earnings per share and revenue results above consensus projections driven by impressive 17% YoY growth of Sales Cloud, coupled with acceleration in Service and App Cloud units.
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