UPDATE: Jefferies Reiterates on salesforce.com as ExactTarget Drives Higher F3Q Results and Guidance

In a report published Tuesday, Jefferies analyst Ross MacMillan reiterated a Buy rating on

, and raised the price target from $57.00 to $66.00. In the report, Jefferies noted, “CRM posted solid F3Q14 results as ExactTarget drove billings and revenues above our estimates. The F4Q revenue guidance is above, and preliminary FY15 guidance is in-line with our prior forecasts. However, growth and integration investments are offsetting leverage. CRM remains the best growth mid/large cap name in our group. Retain Buy.” salesforce.com closed on Monday at $55.51.