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Fly News Breaks for February 21, 2020
CRM
Feb 21, 2020 | 12:48 EDT
Stifel analyst Tom Roderick raised the firm's price target on Salesforce to $210 from $195 following checks that pointed to "a solid and steady fundamental environment and outlook" for Salesforce as well as the broader group. His checks are indicating that Salesforce has taken an even more aggressive strategy with its Enterprise License Agreements, or ELAs, and he has heard that the strategy is resonating, with Salesforce said to have signed over 5 ELAs with Fortune 100 companies in Q4, according to Roderick. He keeps a Buy rating on the shares ahead of the company's upcoming earnings report, due on February 25.