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Fly News Breaks for February 26, 2020
CRM
Feb 26, 2020 | 07:54 EDT
JPMorgan analyst Mark Murphy says that while bears will focus on the Keith Block news and yet another acquisition, he views Salesforce's Q4 as a strong end to the year. The company is seeing consistent fundamentals and supporting a multi-year sustainable growth trajectory of 20% at scale across multiple product lines with solid margin expansion forecasted, Murphy tells investors in a post-earnings research note. He keeps an Overweight rating on the shares with a $200 price target.
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