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CRM

Salesforce

$144.40

-1.115 (-0.77%)

07:31
08/14/18
08/14
07:31
08/14/18
07:31

Salesforce price target raised to $178 from $153 at Morgan Stanley

Morgan Stanley analyst Keith Weiss raised his price target for Salesforce shares to $178 from $153 and maintained an Overweight rating, telling investors in a research note that unlocking data trapped in legacy systems via MuleSoft brings the company to the forefront of driving digital transformation for its customers, adding that consensus expectations likely underestimate its growth potential and its improved track record in M&A. Weiss estimates a faster pace of overall revenue growth over the next few years with secular tailwinds "firmly intact," and sees MuleSoft surpassing $1B in revenue scale by calendar year 2021.

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CRM Salesforce
$144.40

-1.115 (-0.77%)

07/20/18
OPCO
07/20/18
NO CHANGE
OPCO
Perform
ServiceNow shares look fully valued after 'strong' run-up YTD, says Oppenheimer
Oppenheimer analyst Brian Schwartz maintained a Perform rating on ServiceNow (NOW) ahead of the company's Q2 results on July 25, which he views as "solid." In a research note to investors, Schwartz says he thinks the shares look fully valued after a "strong" run-up year-to-date, adding that the tone from industry checks and June's visit to headquarters sounded "positive," but that the medium-term growth and margin framework remains uncertain. The analyst continues to recommend Salesforce (CRM) as the better play in the second half of the year.
07/24/18
STFL
07/24/18
NO CHANGE
Target $175
STFL
Buy
Salesforce price target raised to $175 from $160 at Stifel
After spending some time visiting European investors with the head of Investor Relations for Salesforce, Stifel analyst Tom Roderick said he thinks customer interest in standardizing the corporate front office around salesforce.com is "only just accelerating now." The analyst, who thinks investors "absolutely have to own" Salesforce and said his travels with management only reinforced that view, raised his price target on the stock to $175 and keeps a Buy rating on the name, which remains on Stifel's Select List.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
08/08/18
JEFF
08/08/18
NO CHANGE
Target $155
JEFF
Buy
Salesforce co-CEO Benioff likely not leaving anytime soon, says Jefferies
After the company promoted Keith Block to co-CEO from his current role as COO, Jefferies analyst John DiFucci says he does not believe that co-CEO Marc Benioff is going anywhere soon. However, Salesforce is well positioned if he decided to do so, DiFucci tells investors in a research note. He views the news as a "much deserved promotion" for Block and keeps a Buy rating on the shares with a $155 price target.

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