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CRM

Salesforce

$71.26

2.84 (4.15%)

, TWTR

Twitter

$19.87

-5 (-20.10%)

06:52
10/07/16
10/07
06:52
10/07/16
06:52

Piper sees 'clouds parting' on Salesforce valuation

Salesforce CEO Marc Benioff mostly calmed nerves over a potential Twitter (TWTR) acquisition by saying at the company's analyst day, "While we look at everything, we pass on almost everything," Piper Jaffray analyst Alex Zukin tells investors in a research note. The comment does not completely take a deal for Twitter off the table, but the probability of a transformational acquisition is now "dramatically lower," Zukin contends. As such, the analyst feels the "clouds are parting" on Salesforce's valuation "with sunshine ahead." Zukin believes the company has a "clear line of sight" to $10B in revenue in FY17. He keeps an Overweight rating on the shares with a $100 price target. Salesforce closed yesterday up $2.84, or 4%, to $71.26.

CRM

Salesforce

$71.26

2.84 (4.15%)

TWTR

Twitter

$19.87

-5 (-20.10%)

  • 30

    Nov

CRM Salesforce
$71.26

2.84 (4.15%)

10/06/16
ROTH
10/06/16
NO CHANGE
Target $103
ROTH
Buy
Salesforce should be bought on pullback, says Roth Capital
Roth Capital analyst Richard Baldry says Salesforce's (CRM) shares are down roughly 20% from their recent highs, pressured by rumors of a potential bid for Twitter (TWTR) and a recent revenue guidance increase for the second half of 2017 that was back-end loaded enough to leave his Q3 forecast lowered. However, the analyst believes the pullback offers investors an attractive entry point and advocates buying on weakness. Baldry reiterates a Buy rating and $103 price target on Salesforce's shares given the company's strong fundamentals and sector dominance.
10/06/16
BARD
10/06/16
NO CHANGE
Target $90
BARD
Outperform
Salesforce shares should be bought, says Baird
Baird analyst Steven Ashley noted that Salesforce (CRM) CEO Mark Benioff said his company has all the customer data it needs, which he reads as meaning it would not need to make an acquisition of Twitter (TWTR) purely for data. The analyst also said the company's board is acutely aware of their responsibility to shareholders when it comes to Salesforce's stock and the potential negative impact on shares that a Twitter deal could pose. Ashley reiterated his Outperform rating and $90 price target on Salesforce shares.
10/06/16
COWN
10/06/16
NO CHANGE
Target $100
COWN
Outperform
Salesforce shares should rebound with no Twitter deal, says Cowen
Cowen analyst J.Derrick Wood expects shares of Salesforce (CRM) to rebound if the company does not buy Twitter (TWTR), which he believes will not happen. The analyst believes investors will return to fundamentals and the analyst believes upside momentum in Salesforce's core business will return in Q3. Wood reiterated his Outperform rating and $100 price target on Salesforce shares.
10/06/16
BMOC
10/06/16
NO CHANGE
BMOC
Twitter acquisition would hurt Salesforce, says BMO Capital
BMO Capital analyst Keith Bachman says that an acquisition of Twitter (TWTR) by Salesforce (CRM) would " offer little strategic fit, would slow revenue growth and would be dilutive to (free cash flow) margins." Bachman thinks that the deal would cause Salesforce's stock to drop significantly,. and he says that the company's stock would be worth $65 if it pulls the trigger on Twitter. The analyst says that Salesforce's current valuation is attractive if it does not buy Twitter. He keeps an $86 price target and Outperform rating on Salesforce.
TWTR Twitter
$19.87

-5 (-20.10%)

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Alphabet

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JPM

JPMorgan

$93.78

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$93.78

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GS

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RGEN

Repligen

$43.22

-0.54 (-1.23%)

, GE

General Electric

$25.12

0.01 (0.04%)

10:40
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WEN

Wendy's

$14.91

-0.13 (-0.86%)

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CATM

Cardtronics

$26.10

-3.17 (-10.83%)

10:34
09/26/17
09/26
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10:34
Downgrade
Cardtronics rating change  »

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PFE

Pfizer

$35.48

-0.03 (-0.08%)

10:30
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NSRGY

Nestle

$83.75

0.88 (1.06%)

, VZ

Verizon

$49.83

-0.075 (-0.15%)

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NSRGY

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$43.13

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RGEN

Repligen

$43.22

-0.54 (-1.23%)

, GE

General Electric

$25.09

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ADDYY

adidas

$113.80

-1.22 (-1.06%)

, NKE

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$53.21

-0.025 (-0.05%)

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$113.80

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CCL

Carnival

$65.80

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X

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X

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DWDP

DowDuPont

$70.44

0.1 (0.14%)

, LLEX

Lilis Energy

$4.44

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CORI

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JPM

JPMorgan

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JPM

JPMorgan

$93.84

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AFL

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DISCA

Discovery

$21.35

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, MO

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$64.87

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DISCA

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LB

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$42.77

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$159.25

6.25 (4.09%)

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British American Tobacco

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NKE

Nike

$53.28

0.05 (0.09%)

10:20
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