Salesforce.com Boosted by Growth Opportunities and 3 Stock Analyses Not to Miss
XOMA Ltd. (NASDAQ:XOMA) announced the results from its Phase III study in hypertension, which are viewed by RBC Capital as being positive, and the firm predicts that the company will gain a favorable partnership deal during 2013. The firm views the company as having adequate funding, and it keeps its Outperform rating on the stock.
Rackspace Hosting, Inc (NYSE:RAX): After the firm talked with Rackspace executives, JMP Securities believes that the company’s Quantum project is funstional. The firm’s due diligence indicates that Rackspace has begun to hold talks with various technology and internet companies about transferring workloads to OpenStack, and the firm keeps its Outperform rating on the stock.
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JC Penney Company, Inc. (NYSE:JCP) is seen by Oppenheimer as moving towards a recovery, but the firm predicts that the company’s challenges will continue and possibly become worse during the near-term. The firm keeps its Outperform rating and a $30 price target on the stock.
Salesforce.com (NYSE:CRM) is believed by Baird to have the ability to be a main holding in all large cap growth oriented portfolios after it reported its solid Q3 results due to billings growth and new growth opportunities with Marketing Cloud and Work.com. Shares have an Outperform rating and a $175 price target.