Goldman Sachs Gives Update on Salesforce.com

Goldman Sachs has published a research report on Salesforce.com CRM In the report, Goldman Sachs wrote, "While still early in the period, the quarter to-date server transactions data suggest continued strong growth in Salesforce.com's business. We note recognized revenue has a 97% Rsquared against transactions and bookings have roughly a 50% R-squared." Goldman Sachs rated Salesforce.com a BUY with a price target of $150.00. Salesforce.com closed Friday at $111.00.