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Fly News Breaks for January 13, 2020
CRM
Jan 13, 2020 | 07:04 EDT
Credit Suisse analyst Brad Zelnick raised his price target for Salesforce to $215 from $185 as he believes it will outperform in 2020 driven by the company's leadership in enabling digital transformations and ability to execute against this secular trend. The analyst reiterates an Outperform rating on the shares.
News For CRM From the Last 2 Days
CRM
Feb 14, 2020 | 14:03 EST
Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of December 31, 2019. The fund's five new buys during the fourth quarter included, by size of position, PayPal (PYPL), Alphabet Class A (GOOGL), Cardlytics (CDLX), XP Inc. Class A (XP), and Bill.com (BILL). Tiger exited 16 positions during the quarter, including by size of previous position Fiat Chrysler (FCAU), MercadoLibre (MELI), Wayfair (W), Switch (SWCH), and Beyond Meat (BYND). The fund increased its stake in 15 holdings, including by size of previous position Uber (UBER), Elastic (ESTC), Pinduoduo (PDD), MongoDB (MDB), and RingCentral (RNG). Tiger reduced its stake in 17 holdings, including by size of previous position Alibaba (BABA), Microsoft (MSFT), Facebook Class A (FB), Salesforce (CRM), and Adobe (ADBE). The fund's top holdings as of December 31, in order of size, were JD.com Class A (JD), Apollo Global (APO), Microsoft, Facebook, and TransDigm (TDG).