BMO Sees Upside To $98 In Salesforce

salesforce.com, inc. CRM shares have been quiet in Tuesday's after-hours session despite a new Outperform rating from BMO analyst Keith Bachman.

The analyst set a $98 price target on the stock.

As shares closed down 0.5 percent at $81.09, the analyst's new price target suggested potential upside of about 21 percent.

Bachman highlighted two scale issues which salesforce should benefit from:

• "customers favor buying sales forceautomation, service, and marketing suites that are well integrated"
• "brand, sales, and cost advantages, particularly compared with other SaaS vendors."