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Salesforce.com (CRM)
Salesforce.com, Inc. (CRM - Analyst Report) is the market leader in the ondemand Customer Relationship Management (CRM) space and continues to see substantial subscriber and customer growth.
With strong results in fiscal 2009, the company has exceeded our estimates for both top-line and bottom-line growth. We believe the acquisition of InStranet also makes strategic sense, and over the long-term EPS growth will accelerate.
We reiterate our Buy rating on Salesforce.com's shares with our six-month price target of $45.00.
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| Market Summary | Nov 26, 2009 09:55 am ET |
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