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Salesforce.com Grows in Strength
Salesforce.com, Inc. (CRM - Analyst Report) is the market leader in the on-demand Customer Relationship Management (CRM) space and continues to see substantial subscriber and customer growth.
Although the company reported strong results year todate, dilution from the InStranet acquisition will lower EPS for fiscal 2009. Though this may penalize the stock, we believe InStranet makes strategic sense, and over the long-term EPS growth will accelerate.
We therefore reiterate our Buy rating on Salesforce.com's shares with our six-month price target of $45.00.
Priyanka Poddar contributed to this report.
Read the full analyst report on CRM
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| Market Summary | Jul 31, 2010 13:21 pm ET |
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