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Morgan Stanley Sees salesforce.com As Well Positioned For FCF Growth Heading Into CY15

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Courtesy of Benzinga.

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In a report published Thursday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $80.00 price target on salesforce.com, inc. (NYSE: CRM).

In the report, Morgan Stanley noted, “The 28% YoY normalized cc billings growth and ~250 bps of YoY operating margin expansion seen in Q3 point the way toward sustainable 30%+ FCF growth. With results reflecting strong positioning for key secular growth trends in cloud and mobile, CRM remains a Best Idea heading into CY15.”

salesforce.com closed on Wednesday at $61.02.

Latest Ratings for CRM

Date Firm Action From To
Nov 2014 DA Davidson Maintains Neutral
Oct 2014 DA Davidson Maintains Neutral
Oct 2014 Northland Securities Maintains Buy

View More Analyst Ratings for CRM
View the Latest Analyst Ratings

Posted-In: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings

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