Salesforce: Jefferies raises target price
(CercleFinance.com) - Today Jefferies announced that it has increased its target price for the Salesforce share, which it has raised from 155 dollars to 168 dollars, hailing the CRM giant's outlook.
“We believe that CRM will meet or exceed consensus F2Q billings growth of 22%... Our Enterprise checks reflect strong results, particularly in Europe and across verticals, and a healthy 2H pipeline,” the broker summarises.
The analyst also confirmed his "buy" rating on the stock.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
“We believe that CRM will meet or exceed consensus F2Q billings growth of 22%... Our Enterprise checks reflect strong results, particularly in Europe and across verticals, and a healthy 2H pipeline,” the broker summarises.
The analyst also confirmed his "buy" rating on the stock.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.