UPDATE: Stifel Nicolaus Raises PT to $210 on Salesforce.com Following Impressive Annual Results

Stifel Nicolaus maintained Salesforce.com

with a Buy rating and raised the price target from $190.00 to $210.00. Stifel Nicolaus commented, "On Thursday, February 28, after the market close, salesforce.com reported F4Q13 results that came in solidly ahead of analyst expectations, with calculated bookings in particular coming in meaningfully above the company's guidance. While strength during the quarter was broad-based, we were pleased to see the company close an impressive 150 deals with value of greater than $1mn, nine of which were in the eight-figure range. All told, we believe that salesforce.com continues to gain momentum in transforming itself into an integral technology asset within leading large enterprises." Salesforce.com closed at $169.22 on Thursday.