Citi Maintains Hold/High Risk Rating And $145.00 PT On CRM

In a recent report, Citi has maintained a Hold/ High Risk rating and $145.00 price target on Saleforce.com CRM as Citi checks indicate increasing deal sizes. In the report, Citi said, "Sales Cloud traction continues with evidence of continued large deal activity. Momentum continues to coalesce around Service Cloud, although significant platform or paid Chatter up-take continues to be muted." Salesforce.com closed yesterday at $135.49.