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Friday, Aug 30
Salesforce hits 52-week highs, analyst praise pours in
- Salesforce.com (CRM +14%) shares gap up to 52-week highs a day after blowing past Wall Street estimates, and analyst praise continues to pour in.
- CRM “remains by a wide margin the fastest growing company of its size [which] should be able to keep its impressive growth trajectory relatively intact for at least the next 6-8 quarters," Canaccord says in reiterating its Buy rating.
- Credit Suisse raises its price target to $60 from $52.50 as the company "most leveraged to the massive technology refresh and expansion cycle across the B2B and B2C CRM segments."
- Earlier analyst commentary: I, II.