Bank of America Maintains Buy Rating on Salesforce.com

By John Harris
Benzinga Staff Writer
December 16, 2011 8:07 AM

Symbols: CRM

Posted in: Analyst Color, Analyst Ratings

According to Bank of America, Salesforce.com (NYSE: CRM) Buy rating is maintained.

Bank of America said that Salesforce.com announced acquisition of Rypple, a small private company focused on social performance management. “Financial impact will be discussed in Q4 earnings call in Feb, but no material revenue impact is expected until 2013.”

Salesforce.com closed yesterday at $106.71.

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Bank of America Maintains Buy Rating on Salesforce.com

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