Heading into the print, analysts at Credit Suisse commented that investors should expect a top-and-bottom line performance that is in-line to modestly above expectations. Also, most of the company's troubles are already well known and communicated which minimizes the likelihood of a surprise.
Voices From The Street
Here is a summary of the stock recommendations and price targets of some of Wall Street's top analysts heading into the report. The vast majority of the Street continue to hold a bullish view on Salesforce with one notable exception: analysts at Bernstein holds a Sell rating on the stock with a $60 price target.
- Drexel Hamilton: Buy, $111 price target.
- BMO Capital Markets: Buy rating, $100 price target.
- Cowen: Buy rating, $100 price target.
- RBC Capital Markets: Buy rating, no price target.
- Stifel Nicolaus: Buy rating, $105 price target.
- Evercore ISI: Buy rating, $110 price target.
- Piper Jaffray: Buy rating, 110$ price target.
- Northland Securities: Buy rating, $105 price target.
- Mizuho Securities : Buy rating, $100 price target.
- Canaccord Genuity: Buy rating, $100 price target.
- FBN Securities: Buy rating, $105 price target.
- William Blair: Buy rating, no price target.
- Oppenheimer: Buy rating, $100 price target.
- Rosenblatt Securities: Buy rating, $100 price target.
- JMP Securities: Buy rating, 95$ price target.
- Roth Capital: Buy rating, $103 price target.
- BTIG: Buy rating, $100 price target.
- MKM Partners: Buy rating, $104 price target.
- Keybanc: Buy rating, no price target.
- Barclays: Buy rating, $97 price target.
- Baird: Buy rating, $90 price target.
- SunTrust Robinson: Buy rating, $105 price target.
- Wedbush: Buy rating, $102 price target.
- Goldman Sachs: Buy rating, $96 price target.
- Macquarie: Buy rating, $102 price target.
- Benchmark: Buy rating, no price target.
- Nomura: Buy rating, $90 price target.
- Wells Fargo: Buy rating, $100 price target.
- Deutsche Bank: Buy rating, $90 price target.
- Merrill Lynch: Buy rating, $100 price target.
- UBS: Buy rating, $100 price target.
- Citigroup: Buy rating, $89 price target.
- Morgan Stanley: Buy rating, $107 price target.
- JP Morgan: Buy rating, $95 price target.
- BNP Paribas: Buy rating, $95 price target.
- Jefferies: Hold rating, $80 price target.
- Pivotal Research: Hold rating, $83 price target.
- Needham: Hold rating, $88 price target.
- Bernstein: Sell rating, $60 price target.
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