In a report published Thursday, Pacific Crest Securities analyst Brendan Barnicle reiterated an Outperform rating and $74.00 price target on salesforce.com CRM.
In the report, Pacific Crest Securities noted, “After attending the ExactTarget user conference, we have increased confidence in our revenue estimates. Salesforce announced several new promising product features as well as a partnership with Omnicom. We remain buyers into Dreamforce and see upside to $74.”
salesforce.com closed on Wednesday at $57.66.
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