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CRM

Salesforce

$71.26

2.84 (4.15%)

, TWTR

Twitter

$19.87

-5 (-20.10%)

06:52
10/07/16
10/07
06:52
10/07/16
06:52

Piper sees 'clouds parting' on Salesforce valuation

Salesforce CEO Marc Benioff mostly calmed nerves over a potential Twitter (TWTR) acquisition by saying at the company's analyst day, "While we look at everything, we pass on almost everything," Piper Jaffray analyst Alex Zukin tells investors in a research note. The comment does not completely take a deal for Twitter off the table, but the probability of a transformational acquisition is now "dramatically lower," Zukin contends. As such, the analyst feels the "clouds are parting" on Salesforce's valuation "with sunshine ahead." Zukin believes the company has a "clear line of sight" to $10B in revenue in FY17. He keeps an Overweight rating on the shares with a $100 price target. Salesforce closed yesterday up $2.84, or 4%, to $71.26.

CRM

Salesforce

$71.26

2.84 (4.15%)

TWTR

Twitter

$19.87

-5 (-20.10%)

  • 30

    Nov

CRM Salesforce
$71.26

2.84 (4.15%)

10/06/16
ROTH
10/06/16
NO CHANGE
Target $103
ROTH
Buy
Salesforce should be bought on pullback, says Roth Capital
Roth Capital analyst Richard Baldry says Salesforce's (CRM) shares are down roughly 20% from their recent highs, pressured by rumors of a potential bid for Twitter (TWTR) and a recent revenue guidance increase for the second half of 2017 that was back-end loaded enough to leave his Q3 forecast lowered. However, the analyst believes the pullback offers investors an attractive entry point and advocates buying on weakness. Baldry reiterates a Buy rating and $103 price target on Salesforce's shares given the company's strong fundamentals and sector dominance.
10/06/16
BARD
10/06/16
NO CHANGE
Target $90
BARD
Outperform
Salesforce shares should be bought, says Baird
Baird analyst Steven Ashley noted that Salesforce (CRM) CEO Mark Benioff said his company has all the customer data it needs, which he reads as meaning it would not need to make an acquisition of Twitter (TWTR) purely for data. The analyst also said the company's board is acutely aware of their responsibility to shareholders when it comes to Salesforce's stock and the potential negative impact on shares that a Twitter deal could pose. Ashley reiterated his Outperform rating and $90 price target on Salesforce shares.
10/06/16
COWN
10/06/16
NO CHANGE
Target $100
COWN
Outperform
Salesforce shares should rebound with no Twitter deal, says Cowen
Cowen analyst J.Derrick Wood expects shares of Salesforce (CRM) to rebound if the company does not buy Twitter (TWTR), which he believes will not happen. The analyst believes investors will return to fundamentals and the analyst believes upside momentum in Salesforce's core business will return in Q3. Wood reiterated his Outperform rating and $100 price target on Salesforce shares.
10/06/16
BMOC
10/06/16
NO CHANGE
BMOC
Twitter acquisition would hurt Salesforce, says BMO Capital
BMO Capital analyst Keith Bachman says that an acquisition of Twitter (TWTR) by Salesforce (CRM) would " offer little strategic fit, would slow revenue growth and would be dilutive to (free cash flow) margins." Bachman thinks that the deal would cause Salesforce's stock to drop significantly,. and he says that the company's stock would be worth $65 if it pulls the trigger on Twitter. The analyst says that Salesforce's current valuation is attractive if it does not buy Twitter. He keeps an $86 price target and Outperform rating on Salesforce.
TWTR Twitter
$19.87

-5 (-20.10%)

TODAY'S FREE FLY STORIES

EA

Electronic Arts

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QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

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LEA

Lear

$187.45

-1.69 (-0.89%)

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BAC

Bank of America

$31.31

0.115 (0.37%)

, GS

Goldman Sachs

$258.28

1.25 (0.49%)

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BAC

Bank of America

$31.31

0.115 (0.37%)

GS

Goldman Sachs

$258.28

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USB

U.S. Bancorp

$57.28

0.295 (0.52%)

FAST

Fastenal

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0.5 (0.91%)

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CSX

CSX

$59.25

0.56 (0.95%)

, IBKR

Interactive Brokers

$63.10

0.66 (1.06%)

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Earnings
Notable companies reporting after market close »

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CSX

CSX

$59.25

0.56 (0.95%)

IBKR

Interactive Brokers

$63.10

0.66 (1.06%)

PNFP

Pinnacle Financial

$68.55

-0.9 (-1.30%)

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SCHW

Charles Schwab

$55.50

0.11 (0.20%)

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Technical Earnings Preview: Charles Schwab in active bullish pattern »

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$NSD

NASDAQ Market Internals

14:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

14:16
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NYSE market internals summary »

Volume is average for…

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AMZN

Amazon.com

$1,305.20

28.52 (2.23%)

, AAPL

Apple

$177.09

1.81 (1.03%)

14:16
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Periodicals
Amazon hiring health privacy expert for 'new initiative,' CNBC says »

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AMZN

Amazon.com

$1,305.20

28.52 (2.23%)

AAPL

Apple

$177.09

1.81 (1.03%)

GOOG

Alphabet

$1,122.26

16.74 (1.51%)

GOOGL

Alphabet Class A

$1,130.65

18.6 (1.67%)

03/08/13
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URBN

Urban Outfitters

$34.64

0.4 (1.17%)

14:15
01/16/18
01/16
14:15
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14:15
Options
Urban Outfitters put volume heavy and directionally bearish »

Bearish flow noted in…

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BAC

Bank of America

$31.30

0.11 (0.35%)

, GS

Goldman Sachs

$258.51

1.48 (0.58%)

14:14
01/16/18
01/16
14:14
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14:14
Earnings
On The Fly: What to watch in bank space earnings reports »

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BAC

Bank of America

$31.30

0.11 (0.35%)

GS

Goldman Sachs

$258.51

1.48 (0.58%)

MS

Morgan Stanley

$54.77

-0.35 (-0.63%)

OSTK

Overstock.com

$78.95

-1.65 (-2.05%)

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C

Citi

$76.91

0.07 (0.09%)

14:11
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Hot Stocks
Citi reports December credit loss 2.58% vs. 2.49% last month »

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AMT

American Tower

$137.08

4.08 (3.07%)

14:05
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01/16
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Options
American Tower call volume above normal and directionally bullish »

Bullish option flow…

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AMZN

Amazon.com

$1,305.20

28.52 (2.23%)

, HD

Home Depot

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1.38 (0.70%)

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Wedbush retail/hardlines analyst holds an analyst/industry conference call »

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AMZN

Amazon.com

$1,305.20

28.52 (2.23%)

HD

Home Depot

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LOW

Lowe's

$101.57

0.71 (0.70%)

W

Wayfair

$86.58

1 (1.17%)

WSM

Williams-Sonoma

$54.24

-1.25 (-2.25%)

BBBY

Bed Bath & Beyond

$22.82

0.83 (3.77%)

TPX

Tempur Sealy

$65.02

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AZO

AutoZone

$784.20

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AAP

Advance Auto Parts

$114.41

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ORLY

O'Reilly Automotive

$258.60

-1.15 (-0.44%)

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HRB

H&R Block

$26.52

0.155 (0.59%)

, WMT

Walmart

$101.06

0.19 (0.19%)

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Hot Stocks
H&R Block to be exclusive DIY desktop tax software provider available at Walmart »

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HRB

H&R Block

$26.52

0.155 (0.59%)

WMT

Walmart

$101.06

0.19 (0.19%)

INTU

Intuit

$164.51

1.51 (0.93%)

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  • 18

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OGE

OGE Energy

$30.95

0.21 (0.68%)

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HRB

H&R Block

$26.50

0.14 (0.53%)

, WMT

Walmart

$101.07

0.2 (0.20%)

14:01
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Breaking Hot Stocks news story on H&R Block, Walmart »

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HRB

H&R Block

$26.50

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WMT

Walmart

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  • 20

    Feb

VST

Vistra Energy

$18.18

-0.39 (-2.10%)

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LEA

Lear

$188.40

-0.74 (-0.39%)

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  • 16

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13:55
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Cowen healthcare policy analyst holds an analyst/industry conference call »

Healthcare Policy Analyst…

SQ

Square

$39.65

-1.605 (-3.89%)

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SQM

SQM

$58.61

-4.12 (-6.57%)

13:52
01/16/18
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13:52
Recommendations
SQM analyst commentary  »

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HYG

iShares iBoxx $ High Yield Corporate Bond

$87.61

0.03 (0.03%)

13:50
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Options
Defensive option play in the High Yield Bond ETF »

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XLV

Health Care Select Sector SPDR

$87.35

0.525 (0.60%)

, XLP

Consumer Staples Sector SPDR

$57.00

0.345 (0.61%)

13:46
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Technical Analysis
Technical Take: S&P 500 back to near flat-line, sector breadth negative »

The S&P 500 (SPX) was…

XLV

Health Care Select Sector SPDR

$87.35

0.525 (0.60%)

XLP

Consumer Staples Sector SPDR

$57.00

0.345 (0.61%)

XLE

Energy Select Sector SPDR

$76.96

-0.46 (-0.59%)

XLI

Industrial Select Sector SPDR

$79.96

-0.21 (-0.26%)

XLB

S&P Select Materials SPDR

$62.95

-0.445 (-0.70%)

SPY

SPDR S&P 500 ETF Trust

$278.37

0.45 (0.16%)

SPX

S&P 500

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ABX

Barrick Gold

$15.18

0.06 (0.40%)

13:45
01/16/18
01/16
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Options
Barrick Gold call volume above normal and directionally bullish »

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