Piper Jaffray Reiterates Buy on salesforce.com (CRM)
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Piper Jaffray reiterates its Buy rating and $70 price target on salesforce.com (NYSE: CRM).
The firm said it believes "users are increasingly interested in discovering additional benefits of expanding their use of salesforce.com to meet additional business requirements" This is now much more possible due to the Company's adoption of the AppExchange program. An upgrade in the service would mean users would be paying more per subscription, certainly boosting revenues.
salesforce.com, inc. provides on-demand customer relationship management (CRM) services to businesses and industries worldwide.
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