(CRM) stock will rise because the company’s long-term growth story is still intact, according to J.P. Morgan. Salesforce.com shares (ticker: CRM) have rallied about 15% this year, versus a 29% gain for the Nasdaq Composite. Despite the mixed forecasts, J.P. Morgan analyst Mark Murphy reaffirmed his Overweight rating for Salesforce.com stock on Wednesday, citing optimism over the cloud software company’s long-term growth prospects. Read More...
(CRM) stock will rise because the company’s long-term growth story is still intact, according to J.P. Morgan. Salesforce.com shares (ticker: CRM) have rallied about 15% this year, versus a 29% gain for the Nasdaq Composite. Despite the mixed forecasts, J.P. Morgan analyst Mark Murphy reaffirmed his Overweight rating for Salesforce.com stock on Wednesday, citing optimism over the cloud software company’s long-term growth prospects.
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