, inc. (CRM): Canaccord Bullish Post-Earnings

In a research report released yesterday, Canaccord Genuity analyst Richard Davis reiterated a Buy rating on, inc. (NYSE:CRM) with a $65 price target, following the company’s second-quarter results, posting revenues and non-GAAP EPS of $1.32B and $0.13, which were respectively $29M and a penny ahead of Davis estimates.

Davis noted, “This was a classic beat and modest raise quarter. Revised guidance points to 32% revenue growth and ~150 bps of operating margin expansion in F2015. Interestingly, Q3/15 marks the first full quarter that, inc. (NYSE:CRM) will have lapped the ET acquisition, and implied billings guidance suggests healthy, 25% growth.”

The analyst added, “As the best-in-class cloud software firm, Salesforce remains our favorite large cap growth stock. With more transparency (revenue run-rates of the various clouds was a good start), the firm could see multiple expansion; however, even if this doesn’t happen, we expect the shares to advance at least 20% over the next 12 months. That’s a worthwhile potential return for a large cap stock.”

Warren Buffett: If You Own A Good Business, Keep It

Berkshire Hathaway Warren BuffettBuying private businesses is easier than acquiring public firms, and investors should avoid selling good investments at all costs, according to the Oracle of Omaha, Warren Buffett. Q2 2020 hedge fund letters, conferences and more In an interview with CNBC in March 2013, Buffett was asked if he was looking at any businesses, in particular, Read More

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Richard Davis has a total average return of 4.5% and a 56.1% success rate. Davis has a 18.0% average return when recommending, inc. (NYSE:CRM), and is ranked #656 out of 3257 analysts.