UPDATE: Credit Suisse Raises Target price to $145 on Salesforce.com

Credit Suisse maintains its Neutral rating on Salesforce.com

but raises its price target to $145, up $10, on excellent metrics in the latest quarter. Credit Suisse says, "Salesforce.com delivered strong January quarter results with revenue, EPS, billings, deferred revenue, and backlog above consensus expectations. ...Besides large deal signings, a shift to annual invoicing drove some of the outperformance in billings, deferred revenue, and cash flow in the quarter." CRM closed at $128.07 a share on Thursday.