Why Salesforce.com Stock Slipped on Friday
Over the years, there has been plenty of bullish momentum supporting the share price rise of Salesforce.com (NYSE: CRM). This hasn't been the case lately, and on Friday a price target cut from a prominent investment bank pushed the customer relationship management (CRM) giant's stock down by nearly 2%.
The price target cutter was Deutsche Bank analyst Brad Zelnick, who now feels Salesforce.com stock is worth $300 per share. That's down quite some distance from his previous $360. Nevertheless, Zelnick is maintaining his buy recommendation on the specialty tech stock.
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Source Fool.com
