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CRM

Salesforce

$120.72

-0.28 (-0.23%)

06:06
11/21/18
11/21
06:06
11/21/18
06:06

Salesforce price target lowered to $160 from $190 at Piper Jaffray

Piper Jaffray analyst Alex Zukin lowered his price target for Salesforce to $160 ahead of the company's Q3 results on November 27 and keeps an Overweight rating on the name. A "healthy" demand environment, "strong" execution in multiple verticals, MuleSoft acceleration and a "robust" pipeline heading into the Q4 period support "sustained growth," Zukin tells investors in a pre-earnings research note. The analyst's reduced price target reflects the "meaningful multiple contraction across the sector" but he points out Salesforce is trading below peer averages.

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CRM Salesforce
$120.72

-0.28 (-0.23%)

10/30/18
NOMU
10/30/18
INITIATION
Target $181
NOMU
Buy
Nomura calls Salesforce core long-term holding, starts with Buy rating
Nomura Instinet analyst Christopher Eberle last night initiated coverage of Salesforce with a Buy rating and $181 price target. The company "dominates" the customer relationship Mmnagement market but has also "planted many seeds" that have helped it become a "dominant go-to platform for digital transformation," Eberle tells investors in a research note. He believes Salesforce's "breadth and depth of products combined with its maniacal customer focus," recurring revenue model, and strategic value to its customers make it a core long-term holding in the software space.
11/19/18
JEFF
11/19/18
NO CHANGE
Target $189
JEFF
Buy
Salesforce expectations for Q3 'seem reasonable,' says Jefferies
Expectations going into Salesforce's Q3 results "seem reasonable" even if the company's internal targets are not hit, Jefferies analyst John DiFucci tells investors in a research note. Further, the analyst believes the 23% consensus billings growth estimate for fiscal Q4 is "certainly achievable." However, Salesforce could guide below expectations to be conservative, which it sometimes does, says DiFucci. The analyst thinks the company remains well positioned to achieve its long-term financial goals and he keeps a Buy rating on the shares with a $189 price target.
11/19/18
DBAB
11/19/18
NO CHANGE
Target $165
DBAB
Hold
Salesforce price target lowered to $165 from $180 at Deutsche Bank
Deutsche Bank analyst Karl Keirstead lowered his price target for Salesforce to $165 ahead of the company's fiscal Q3 results and keeps a Buy rating on the shares. After speaking with several of the company's partners and customers throughout the quarter, the analyst remains comfortable with his rating.
11/20/18
MSCO
11/20/18
NO CHANGE
Target $178
MSCO
Overweight
Salesforce partner checks point to strong finish to FY19, says Morgan Stanley
Morgan Stanley analyst Keith Weiss said his checks with Salesforce partners remain supportive of strong demand across the company's portfolio, leading him to conclude that Salesforce is "well positioned to clear a low Q3 bar." He expects the main focus of the earnings report to be management's guidance for Q4 and preliminary outlook into FY20 given that Weiss views the recent underperformance in Salesforce shares being related to investor concerns about the prospect of a slowdown in enterprise IT spending in 2019, he tells investors. The analyst, who sees Salesforce "firmly on the path" to reaching the high end of management's $21B-$23B target by FY22, keeps an Overweight rating and $178 price target on the stock.

TODAY'S FREE FLY STORIES

SCL

Stepan Company

$75.84

0.62 (0.82%)

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Conference/Events
Morgan Stanley semiconductors analysts to hold analyst/industry conference call »

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POL

PolyOne

$30.74

-0.24 (-0.77%)

21:17
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OLN

Olin

$20.32

0.14 (0.69%)

21:14
12/10/18
12/10
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Initiation
Olin initiated at Stifel »

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KRA

Kraton

$24.26

0.3 (1.25%)

21:07
12/10/18
12/10
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Initiation
Kraton initiated at Stifel »

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HT

Hersha Hospitality

$18.49

-0.27 (-1.44%)

20:57
12/10/18
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20:57
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Downgrade
Hersha Hospitality rating change at Wells Fargo »

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CARS

Cars.com

$23.94

-0.37 (-1.52%)

20:53
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Cars.com responds to letter from Starboard Value fund »

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VERI

Veritone

$6.90

1.28 (22.78%)

20:49
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Veritone confirms unsolicited bid from Apis Capital »

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NGVT

Ingevity

$86.46

1.31 (1.54%)

20:47
12/10/18
12/10
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20:47
Initiation
Ingevity initiated at Stifel »

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FUL

H.B. Fuller

$41.36

-0.36 (-0.86%)

20:38
12/10/18
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20:38
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Initiation
H.B. Fuller initiated at Stifel »

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EMN

Eastman Chemical

$72.77

-0.36 (-0.49%)

20:29
12/10/18
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20:29
Initiation
Eastman Chemical initiated at Stifel »

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DSW

DSW

$23.04

-1.19 (-4.91%)

20:25
12/10/18
12/10
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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  • 11

    Dec

CE

Celanese

$89.79

-1.445 (-1.58%)

20:24
12/10/18
12/10
20:24
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Initiation
Celanese initiated at Stifel »

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ASIX

AdvanSix

$25.33

0.18 (0.72%)

20:18
12/10/18
12/10
20:18
12/10/18
20:18
Initiation
AdvanSix initiated at Stifel »

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GWW

Grainger

$285.60

-3.88 (-1.34%)

20:11
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20:11
Initiation
Grainger initiated at Buckingham »

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  • 24

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NFLX

Netflix

$269.80

4.66 (1.76%)

20:00
12/10/18
12/10
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Initiation
Netflix initiated at DZ Bank »

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VIVHY

Vivendi

$0.00

(0.00%)

19:12
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19:12
Periodicals
Vivendi seeks to invest in Trump partner's Indonesia TV unit, Bloomberg says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

19:05
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Periodicals
Human rights orgs urge Google to not launch censored app in China, Verge says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

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Alphabet Class A

$1,052.80

5.81 (0.55%)

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ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

, ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

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Fly Intel: After Hours Movers »

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ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

CARS

Cars.com

$23.94

-0.37 (-1.52%)

TROX

Tronox

$7.05

-0.25 (-3.42%)

CR

Crane

$78.23

-0.99 (-1.25%)

SFIX

Stitch Fix

$25.92

-0.42 (-1.59%)

CASY

Casey's General Stores

$119.64

-1.78 (-1.47%)

NX

Quanex

$14.05

-0.13 (-0.92%)

CAMP

CalAmp

$17.02

-0.23 (-1.33%)

RARX

RA Pharmaceuticals

$17.58

1.13 (6.87%)

SAEX

SAExploration

$3.33

-0.11 (-3.20%)

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TROX

Tronox

$7.05

-0.25 (-3.42%)

18:46
12/10/18
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18:46
Hot Stocks
Tronox CEO discloses purchase of 25K shares of common stock »

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ALGT

Allegiant Travel

$124.89

-1.45 (-1.15%)

18:37
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Allegiant reports November total systems traffic up 10.1% »

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SPLK

Splunk

$108.55

2.85 (2.70%)

18:27
12/10/18
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18:27
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18:27
Periodicals
Splunk CEO says customers can now talk via voice-enabled assistants, CNBC says »

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EFC

Ellington Financial

$15.57

0.01 (0.06%)

18:22
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Hot Stocks
Ellington Financial reports book value per share of $19.37 as of Nov. 30th »

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NTDOY

Nintendo

$0.00

(0.00%)

18:22
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18:22
Periodicals
New 'Smash Bros.' fastest selling Switch game so far, Gamesindustry.biz says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

18:15
12/10/18
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Google CEO supports privacy law, denies political bias, Bloomberg says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

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