UPDATE: Citigroup Raises Target on Jive Software to $22

Citigroup reiterates its Buy rating on Jive Software

and raises its price target to $22 from $20 as company sees best-in-class growth on strong enterprise social trends. Citigroup says, "Our positive thesis remains that as social goes mainstream in the enterprise, as a pure-play Jive is likely to benefit from the highest growth rates in our sector and become an increasingly strategic asset. We are raising our target to $22 from $20 on the back of higher estimates." JIVE closed at $16.94 a share on Tuesday.