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Fly News Breaks for August 23, 2017
CRM
Aug 23, 2017 | 08:17 EDT
Baird analyst Rob Oliver raised his price target on Salesforce to $110 from $100 following strong Q2 results. The analyst cited its higher than consensus billings growth and another $100M raise to its full year revenue guidance. He notes the company is showing impressive traction within its vertical approach, which he believes is key to achieving its $20B revenue target. Oliver reiterated his Outperform rating on Salesforce shares.