Analysts: Salesforce is a Buy and 4 Stocks With New Outlooks
Salesforce.com (NYSE:CRM): Current Price: $174.32
The company’s price target has been raised by Roth Capital after reporting stronger Q4 results than expected. The firm keeps its Buy rating on the stock. Baird cited Salesforce.com’s organic growth and increased guidance for 2014, and it predicts that churn rates will drop and Platform will remain its fastest growing business segment, as it gives the stock an Outperform rating. Furthermore, Bank of America Merrill Lynch decided to raise Salesforce.com estimates after it reported Q4 beat and thinks that cloud market opportunity is larger than expected. The firm gives the stock a Buy rating.