- Barrons.com•12 days ago
UBS analyst Brent Thill and his team have an update on Salesforce.com (CRM) in the wake of Brexit and the Demandware acquisition, which effectively closed earlier this week. Thill reiterated a Buy rating and $100 price target on the stock, writing that while Demandware was Salesforce’s largest acquisition ever, it’s still relatively small, less than 5% of the company’s overall revenues, so revisions to this estimates are modest. From a strategic standpoint, he applauds the Demandware deal, as it fills “a large hole” in Salesforce’s customer-facing product portfolio.
|52wk Range||26.47 - 75.90|
|Day's Range||74.96 - 75.01|
|Avg Vol (3m)||1,271,359|
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