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Fly News Breaks for August 13, 2019
CRM
Aug 13, 2019 | 07:14 EDT
Compass Point analyst Marshall Senk initiated Salesforce.com (CRM) with a Buy rating and $190 price target, stating that he views the stock as a core holding. The stock has recently underperformed, which he blames on worries that the company's Tableau acquisition deal is a sign that overall growth may be slowing, but Senk does not share that view, he tells investors. Salesforce has dominant market share in the CRM space and continues to grow faster than the market in each of its categories by taking share from legacy providers such as Oracle (ORCL) and SAP (SAP), noted Senk.
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