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Fly News Breaks for March 21, 2018
MULE, CRM
Mar 21, 2018 | 07:46 EDT
Stephens analyst Samad Samana maintained his Overweight rating and $125 price target on Salesforce.com (CRM) following the company's announcement that it will acquire MuleSoft (MULE). In a research note to investors, Samana said the deal makes sense for Salesforce, as it complements and furthers the company's existing Platform portfolio and strategy, and it makes Salesforce an important strategic partner for large enterprises dealing with a digital transformation journey, but it also "appears quite expensive to us," and the price tag "leaves us with sticker shock." Samana is "cautiously optimistic" on Salesforce being able to drive the long-term value needed to justify the deal.
News For CRM;MULE From the Last 2 Days
CRM
Apr 22, 2024 | 16:28 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CRM
Apr 22, 2024 | 12:15 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here