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TWTR

Twitter

$24.87

1.35 (5.74%)

, CRM

Salesforce

$68.42

-4.21 (-5.80%)

08:04
10/06/16
10/06
08:04
10/06/16
08:04

Twitter could help Salesforce develop new product, says SunTrust

SunTrust analyst John Rizzuto says that Twitter (TWTR) could help Salesforce (CRM) develop an "information service" or "collaboration" cloud. The analyst says that the product would allow "Salesforce, partners and third parties to build next generation applications that could more readily integrate Twitter feeds and/or utilize Twitter and other external data sources with proprietary data sources." Rizzuto keeps a Neutral rating on Twitter and a Buy rating on Salesforce.

TWTR

Twitter

$24.87

1.35 (5.74%)

CRM

Salesforce

$68.42

-4.21 (-5.80%)

  • 30

    Nov

TWTR Twitter
$24.87

1.35 (5.74%)

10/05/16
BMOC
10/05/16
NO CHANGE
BMOC
Outperform
BMO says Salesforce's positive messages overshadowed by Twitter speculation
BMO Capital analyst Keith Bachman said the positive themes laid out by Salesforce (CRM) management at the company's Dreamforce event, such as guidance to reach $10B in FY18 revenues without inorganic sources of revenue, would traditionally help the stock. However, news reports, including the most recent from the Wall Street Journal, indicating that the company may buy Twitter (TWTR), will outweigh the "positive messages" of the event. If Salesforce were to buy Twitter, the stock would move meaningfully lower, Bachman predicted, but he also wonders if strategic buyers would then potentially consider buying Salesforce. The firm keeps its Outperform rating on Salesforce shares.
10/05/16
STFL
10/05/16
NO CHANGE
Target $93
STFL
Buy
Stifel still sees Salesforce acquisition of Twitter as 'highly unlikely'
Stifel analyst Tom Roderick notes that Salesforce (CRM) kicked off its annual Dreamforce User Conference yesterday amid reports that the company may be a potential suitor for Twitter (TWTR). The analyst still believes that a Salesforce acquisition of Twitter is "highly unlikely," both from a logistical standpoint and from a business model fit perspective. Regarding fundamentals, Roderick continues to view Salesforce as a leading driver of the enterprise shift to the Cloud, and sees no reason why that shouldn't continue to play out in the second half of 2017, in spite of recent concerns about the mid-year slowdown. He reiterates a Buy rating and $93 price target on Salesforce's shares.
10/06/16
SBSH
10/06/16
NO CHANGE
Target $89
SBSH
Buy
Citi says Salesforce buying Twitter 'nearly impossible' above $28/share
Citi analyst Walter Pritchard believes a Salesforce (CRM) acquisition of Twitter (TWTR) is possible financially but that such a deal would put "significant constraints" on the company for the next three-plus years. The analyst sees "very little reason" for Salesforce to own Twitter and feels the acquisition "would pose a difficult decision" for CEO Marc Benioff and the board. Salesforce closed yesterday down 6%, or $4.21, to $68.42. Recode reported last night that the company is likely the only bidder left for Twitter after Disney (DIS) and Alphabet (GOOG) opted not to pursue a deal while Apple (AAPL) is unlikely. Twitter in pre-market trading is down 14% to $21.50. In order for Salesforce to avoid a shareholder vote, it would have to borrow $7.5B to fund the transaction if Twitter were valued at $20B, or $27.50-$28 per share, Pritchard tells investors in a research note. This is a level that likely constrains the company with little additional borrowing capacity for other deals, the analyst contends. He thinks the deal is "nearly impossible to do" for Salesforce should the bidding for Twitter go above $20B or $28 per share. Pritchard has a Buy rating on Salesforce with an $89 price target.
10/06/16
MKMP
10/06/16
NO CHANGE
Target $93
MKMP
Buy
Salesforce acquisitions fears lowered but not eliminated, says MKM Partners
MKM Partners analyst Kevin Buttigieg said Salesforce (CRM) CEO Mark Benioff did not completely dispel investor fears of a Twitter (TWTR) acquisitions but likely dispelled their worst fears, indicating shares will likely firm near-term. Buttigieg believes Salesforce's message was that any asset has a price and the company is likely to bid for Twitter, but at a valuation much less than investors have previously feared and likely below the current share price. The analyst said either way, the likelihood of a Twitter acquisition has been reduced, but not eliminated, and any deal consummation will result in a negative share reaction for Salesforce shares given investor fears of a decline in Twitter's business and lack of a strategic fit. Buttigieg rates Salesforce a Buy with a $93 price target on shares.
CRM Salesforce
$68.42

-4.21 (-5.80%)

10/05/16
JPMS
10/05/16
NO CHANGE
Target $95
JPMS
Overweight
JPMorgan backs Overweight rating on Salesforce as Twitter speculation gears up
JPMorgan analyst Mark Murphy noted that speculation that Salesforce (CRM) could buy Twitter (TWTR) has ratcheted up into a higher gear, fueled by the latest report from the WSJ, and acknowledges the risk of a setback if the company goes forward with such a transformational M&A deal. However, he still views Salesforce as a "rare cloud asset" that can be a long-term share gainer and keeps an Overweight rating and $95 price target on the shares.
10/06/16
JEFF
10/06/16
NO CHANGE
Target $80
JEFF
Hold
Jefferies sees Twitter deal cutting Salesforce share value
Jefferies analyst John DiFucci estimates that a Twitter (TWTR) acquisition would reduce Salesforce (CRM) share value by $11.26 while increased debt would reduce the value by $9.50 to $20, depending on the price paid. The rationale for pursuing Twitter is unclear, DiFucci tells investors in a research note. Assuming no value for Twitter, dilution would reduce the value of Salesforce shares by $11.26 while increased debt would be at least another $9.50 reduction, the analyst contends. Including the value of Twitter, the analyst sees the value of Salesforce in the $60.29 to $70.70 per share range. DiFucci keeps a Hold rating on Salesforce.

TODAY'S FREE FLY STORIES

CSGP

CoStar Group

$210.02

-1.35 (-0.64%)

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CSGP

CoStar Group

$210.02

-1.35 (-0.64%)

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CSGP

CoStar Group

$210.02

-1.35 (-0.64%)

17:22
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IAG

IAMGold

$4.41

-0.05 (-1.12%)

17:20
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Breaking Hot Stocks news story on IAMGold »

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IAG

IAMGold

$4.41

-0.05 (-1.12%)

17:19
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Breaking Hot Stocks news story on IAMGold »

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IAG

IAMGold

$4.41

-0.05 (-1.12%)

17:17
02/22/17
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Earnings
IAMGold reports Q4 EPS 0c, consensus 0c »

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GGG

Graco

$91.94

-0.18 (-0.20%)

17:17
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Graco rebrands, redesigns Airlessco airless sprayer line »

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DDC

Dominion Diamond

$9.21

-0.27 (-2.85%)

17:16
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Dominion Diamond sees FY18 production 6.3M-7M carats »

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OAS

Oasis Petroleum

$13.66

-0.68 (-4.74%)

17:15
02/22/17
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Hot Stocks
Oasis Petroleum projects FY17 CapEx $605M »

Sees Fy17 production…

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OAS

Oasis Petroleum

$13.66

-0.68 (-4.74%)

17:14
02/22/17
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Oasis Petroleum reports Q4 non-GAAP EPS (8c), consensus (12c) »

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DDC

Dominion Diamond

$9.21

-0.27 (-2.85%)

17:13
02/22/17
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Dominion Diamond reports Q4 diamond sales $129.9M »

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HPQ

HP Inc.

$16.20

0.07 (0.43%)

17:13
02/22/17
02/22
17:13
02/22/17
17:13
Earnings
HP Inc. sees FY17 adjusted EPS $1.55-$1.65, consensus $1.59 »

Sees FY17 free cash flow…

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CAKE

Cheesecake Factory

$60.10

-0.57 (-0.94%)

17:12
02/22/17
02/22
17:12
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17:12
Earnings
Cheesecake Factory sees FY17 adjusted EPS $2.95-$3.07, consensus $3.05 »

Backs FY17 SSS growth…

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CAKE

Cheesecake Factory

$60.10

-0.57 (-0.94%)

17:11
02/22/17
02/22
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Earnings
Cheesecake Factory sees Q1 adjusted EPS 71c-74c, consensus 73c »

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IOC

InterOil

$48.36

-0.04 (-0.08%)

, XOM

Exxon Mobil

$80.93

-0.96 (-1.17%)

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Exxon Mobil completes acquisition of InterOil »

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IOC

InterOil

$48.36

-0.04 (-0.08%)

XOM

Exxon Mobil

$80.93

-0.96 (-1.17%)

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RGR

Sturm, Ruger

$50.30

1 (2.03%)

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RGR

Sturm, Ruger

$50.30

1 (2.03%)

17:08
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Earnings
Sturm Ruger reports Q4 EPS $1.10 vs. 88c last year »

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  • 23

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ALB

Albemarle

$92.44

-1.34 (-1.43%)

17:07
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LTC

LTC Properties

$47.13

0.24 (0.51%)

17:07
02/22/17
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Earnings
LTC Properties reports Q4 FFO 78c vs. 74c last year »

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ERN

Erin Energy

$3.55

-0.1 (-2.74%)

17:05
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Erin Energy CEO Segun Omidele resigns »

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CTRP

Ctrip.com

$47.59

0.53 (1.13%)

17:04
02/22/17
02/22
17:04
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Earnings
Ctrip.com reports Q4 non-GAAP EPS 32c, may not compare to consensus (3c) »

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  • 22

    Feb

OSIS

OSI Systems

$77.18

-0.51 (-0.66%)

17:04
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OSI Systems sells German Healthcare unit for roughly EUR11.7M »

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TSLX

TPG Specialty Lending

$19.41

-0.02 (-0.10%)

17:03
02/22/17
02/22
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17:03
Hot Stocks
TPG Specialty Lending extends stock repurchase plan »

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  • 23

    Feb

RMAX

RE/MAX Holdings

$60.45

0.05 (0.08%)

17:02
02/22/17
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Hot Stocks
RE/MAX Holdings raises quarterly dividend 20% to 18c per share »

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TSLX

TPG Specialty Lending

$19.41

-0.02 (-0.10%)

17:02
02/22/17
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Earnings
TPG Specialty Lending reports Q4 NII 47c, consensus 44c »

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