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CRM

Salesforce

$154.64

1.66 (1.09%)

16:09
08/29/18
08/29
16:09
08/29/18
16:09

Salesforce says 'well on our way' to $23B in revenue in FY22

"Salesforce revenue grew 27% to almost $3.3 billion in the second quarter, with excellent performance across our clouds, industry segments and geographies," said Keith Block, co-CEO, Salesforce. "With this strong quarter, we're well on our way to our next milestone of $23 billion in revenue in FY22." "Salesforce's vision and position as the #1 sales, service, marketing and CRM platform is enabling our customers to stay ahead and thrive in this Fourth Industrial Revolution," said Marc Benioff, chairman and co-CEO, Salesforce. "We are guided by our values as we ensure our technology drives our customers' success and improves the state of the world."

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CRM Salesforce
$154.64

1.66 (1.09%)

08/21/18
COWN
08/21/18
NO CHANGE
Target $165
COWN
Outperform
Salesforce price target raised to $165 from $155 at Cowen
Cowen analyst J. Derrick Wood raised his price target on Salesforce to $165 from $155 ahead of Q2 results. The analyst said channel checks indicate a solid beat and raise set-up, citing a re-acceleration in Sales and Service Cloud, growing Einstein adoption, and lower competition. Wood reiterated his Outperform rating on Salesforce shares.
08/22/18
JEFF
08/22/18
NO CHANGE
Target $168
JEFF
Buy
Salesforce price target raised to $168 from $155 at Jefferies
Jefferies analyst John DiFucci raised his price target for Salesforce to $168 ahead of the company's Q2 results. The analyst expects Salesforce meet or exceed consensus Q2 billings growth of 22%. Enterprise checks reflect strong results, particularly in Europe and across verticals, and a "healthy" second half of 2018 pipeline, DiFucci tells investors in a pre-earnings research note. The analyst keeps a Buy rating on the shares.
08/22/18
WEDB
08/22/18
NO CHANGE
Target $160
WEDB
Outperform
Salesforce price target raised to $160 from $150 at Wedbush
Wedbush analyst Steve Koenig raised his price target for Salesforce to $160 from $150 as his checks point to a strong demand environment and sustained momentum for Salesforce. While the analyst does not have evidence to suggest a repeat of the Q1 large deal performance, his checks anecdotally point to large deals closed in major verticals, and more in the pipeline. Koenig expects Salesforce's Q2 numbers will be strong, although the run-up in the shares year to date and over the last 90 days may create a more difficult setup. The analyst reiterates an Outperform rating on the shares.
08/22/18
RBCM
08/22/18
NO CHANGE
Target $155
RBCM
Outperform
Salesforce price target raised to $155 from $146 at RBC Capital
RBC Capital analyst Ross MacMillan raised his price target on Salesforce to $155 and kept his Outperform rating, saying his checks suggest continued "strong demand, success in multi-cloud deals at enterprise customers and pricing power". The analyst notes that the set-up on the stock is also "attractive" considering the implied organic constant-currency billings growth of around 15%. MacMillan adds that Salesforce has a historical pattern of beating Q2 consensus by about 5%, though this year's results may be skewed by the adoption of ASC606 standard.

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UBER

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SJT

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AVLR

Avalara

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CDNA

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T

AT&T

$33.41

0.05 (0.15%)

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AT&T asks court to reject DOJ's challenge of Time Warner deal, Reuters says »

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ADT

ADT Inc.

$8.76

0.39 (4.66%)

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Amazon.com

$1,948.17

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AMZN

Amazon.com

$1,948.17

21.9 (1.14%)

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CLF

Cleveland-Cliffs

$12.24

0.135 (1.12%)

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  • 19

    Oct

NTDOY

Nintendo

$0.00

(0.00%)

, SNE

Sony

$59.11

0.11 (0.19%)

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Trademark filing suggests Nintendo working on N64 Classic, BI reports »

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Nintendo

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SNE

Sony

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THS

TreeHouse

$52.85

0.15 (0.28%)

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GM

General Motors

$36.14

0.4 (1.12%)

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Afternoon call buyers in GM »

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ACAD

Acadia

$18.55

3.44 (22.77%)

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$NSD

NASDAQ Market Internals

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SYNA

Synaptics

$47.31

1.27 (2.76%)

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$NYE

NYSE Market Internals

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SJT

San Juan Basin Royalty Trust

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-0.2 (-4.11%)

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MTG

MGIC Investment

$13.14

0.135 (1.04%)

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MDCA

MDC Partners

$4.30

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MDCA

MDC Partners

$4.30

(0.00%)

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UNFI

United Natural Foods

$33.66

0.37 (1.11%)

15:04
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Options
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ACAD

Acadia

$18.70

3.59 (23.76%)

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MDCA

MDC Partners

$4.30

(0.00%)

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AMZN

Amazon.com

$1,945.18

18.91 (0.98%)

15:00
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