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Fly News Breaks for October 15, 2018
CRM
Oct 15, 2018 | 09:36 EDT
BMO Capital analyst Keith Bachman raised his price target on Salesforce to $174 and kept his Outperform rating, saying the company's cloud portfolio is positioned to generate "durable growth" for the next few years. The analyst estimates that Salesforce revenue will sustain a 19% growth rate in FY21, unchanged from FY20, adding that while sales cloud could have a "modest deceleration", other solution categories like Mulesolft will see "solid growth levels and form a greater part of mix".
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