“Coming after a negative 2QF17 print and months of Twitter-related anxiety, merely posting a clean quarter with an in-line or better guide is enough to restore confidence,” Keirstead explained.
He believes the company’s fresh guidance implying an acceleration in billings growth to 25 percent in Q4 suggests Q2 was simply a bump in the road. Deutsche Bank is still calling for billings growth of 20 percent in fiscal 2018.
Keirstead also likes the positive tone on growth that CEO
On the other hand, Keirstead notes that ex-DWRE billings growth came in at just 17 percent, short of the 20–30 percent range Deutsche Bank expects from the company.
Deutsche Bank maintains a Buy rating on salesforce and a $90 price target for the stock.
At last check, salesforce was up 3.07 percent at $77.50.
|Nov 2016||OTR Global||Upgrades||Mixed||Positive|
|Oct 2016||Rosenblatt||Initiates Coverage On||Buy|
|Oct 2016||DA Davidson||Maintains||Neutral|
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