Why Salesforce.com Stock Slipped on Friday

·2 min read
Why Salesforce.com Stock Slipped on Friday

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. In a new research note, Zelnick wrote that the growth prospects for the software industry are still good.

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