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Salesforce shares rise after Jefferies upgrades stock, predicts 20% rally

Salesforce shares rise after Jefferies upgrades stock, predicts 20% rally

February 15, 2018

Via: CNBC

Enterprise software company Salesforce.com’s “consistently strong” enterprise growth and customer demand will propel shares up more than 20 percent, according to one top Wall Street firm.

Jefferies upgraded Salesforce to buy, saying it may benefit from less pressure from rivals as well as acceleration in its commercial customer segment.

“We see many engines of growth for the company over the long-term as it continues to expand in multiple segments,” wrote analyst John DiFucci on Thursday. “The company’s customer-centric and vertical-focused approach to enterprise penetration has been key to its success, which we expect to continue into the future.”

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