Stephens out with the classic "channel checks" template comments and a 55 target. Sez pipeline ahead of schedule. No Stephens, the pandering is right on schedule and maybe, since you are all out in force this time, you seem to be nervous. Who the heck is "Stephens"? Guess anyone can be an investment analyst firm these days. Downright comical at how predictable these comments are EVERY pre announcement time for CRM.
Another shout out from Cramer this a.m, and now another RBC says they beat on bookings and reveunes (note nothing said about earnings) . You know, if it were any other stock with so many jumping on the bandwagon and 100 per cent certain they beat, that would almost guarantee a drop after earnings, sell the news. But not this one. Sort of smells like betting on a 3/5 favorite in a horse race. Why is everyone waiting to buy?
And another on Monday buried in an article. MS guy comes out reiterating CRM as top pick in software but he values it not at PE but a multiple of FCF free cash flow. SEE they twist and have to force other metrics to support their positions. They can't use the traditional fundamentals.