Facebook (FB) Committing More to Salesforce (CRM) Platform - Analyst

Salesforce.com (NYSE: CRM) is moving higher Friday following bullish comments that it may have won a substantial contract.

According to Piper Jaffray, Salesforce just closed on a "monster transaction" which could be work up to $140 million. The Piper analyst noted checks and analysis on the call.

Salesforce could be in tighter ties with Facebook (NYSE: FB)(Nasdaq: FB), noting Facebook has "materially ramped" its commitment to the Salesforce platform.

The firm currently rates Salesforce at Overweight, with a $183 price target. Bloomberg notes that 15 percent of Salesforce common is held short currently, up from just 6 percent last March.

Shares are 1.2 percent higher on the session.

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