Jefferies Positive on salesforce.com (CRM) Ahead of Q1 Results

Jefferies reiterated its Buy rating and $170 price target on salesforce.com (NYSE: CRM) ahead of Q1 results on Thursday 5/17 after the market closes.

The firm comments, "Our most recent round of field checks were broadly positive and we believe we should see upside to estimates. The company's expanded product portfolio is leading to more strategic engagements and core SFA/ Service continue to sell well. We did hear of some leadership changes in the Q (e.g. UK), but we think
broad demand remains solid."

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.

Shares of salesforce.com closed at $137.78 yesterday.

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