Deutsche Bank Highlights Socialization Of CRM As Growth Driver

Deutsche Bank is maintaining its Buy rating and its $210 price target on salesforce.com CRM after attending the company's CloudForce events in Boston and Washington D.C. According to Deutsche Bank, “Today, salesforce.com hosted a CloudForce event in Boston, following up on CloudForce Washington DC. We came away from the Boston and DC meetings with confirmation that social penetration into the enterprise is continuing and is creating new business workflows, which is expanding TAM. The DC event specifically highlighted expansion within the government space, which could be used as a credibility point with ISVs or customers that are hesitant to put their business models into SFDC or force.com. Reiterate Buy and $210PT.” CRM closed at $137.28.