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Technology Stocks : Salesforce.com

CRM 260.41

+1.5%

Oct 31 9:30 AM EDT

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From: JakeStraw	2/11/2020 11:01:08 AM
	of 258

Salesforce Target Price Boosted to $225 by Morgan Stanley thestreet.com Analyst Keith Weiss, who reiterated his overweight rating on shares of the San Francisco-based company, said in a note to clients that "after pulling together a portfolio of leading solutions enabling digital transformation initiatives for their customers, Salesforce is ready to yield on those investments and sustain a 28% free cash growth (compound annual growth rate)" through fiscal 2024. "This durable FCF growth is still not reflected in the multiple," Weiss added. "Strong positioning, an expanding solution portfolio and a large enterprise distribution capability supports our forecast of a ~20% revenue CAGR and ~$35+ billion in revenue by FY24," the analyst added.

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