Pacific Crest Securities Sees Mobility, Geolocation and Analytics in Focus for salesforce.com

In a report published Thursday, Pacific Crest Securities analyst Brendan Barnicle reiterated an Outperform rating and $74.00 price target on

. 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.