salesforce.com (CRM) PT Raised to $195 at SunTrust

SunTrust analyst Terry Tillman raised the price target on salesforce.com (NYSE: CRM) to $195.00 (from $189.00) while maintaining a Buy rating following the company's 2Q earnings report. Total revenue was $4 billion, coming in ahead of consensus at $3.96 billion. Non-GAAP EPS of $0.66 beat consensus of $0.47.

The company's 3QFY20 guidance was higher than the Street on revenue while EPS expectations were roughly in line. Revenue is expected to be in the range of $4.44 billion - $4.45 billion versus prior consensus of $4.18 billion, while non-GAAP EPS is expected to be between $0.65 - $0.66 versus prior consensus of $0.66.

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