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Evercore says Salesforce can be ‘one of best’ cash flow stories in software
The Fly

Evercore says Salesforce can be ‘one of best’ cash flow stories in software

Evercore ISI analyst Kirk Materne raised the firm’s price target on Salesforce to $230 from $200 and keeps an Outperform rating on the shares after the company delivered "solid" Q4 results. The "big news," however was related to both near and long-term profitability, said the firm, which argues that Salesforce having "finally got over the hump" on operating margins "ushers in a new upside case for the shares." Salesforce is "well positioned to be one of the best cash flow growth stories in software," added the firm, which notes it is raising its estimates based on the company’s more bullish top line and materially more bullish bottom line guidance.

Published first on TheFly

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