Evercore Partners Overweight On salesforce.com

Evercore Partners is out with a research report on salesforce.com, inc. CRM and it has an Overweight rating and a $165 price target on shares. In a note to clients, Evercore Partners writes, "As we highlighted in our “Beyond The Cloud” report earlier this week, which focused on the social business software market, we expect that the integration of social functionality into enterprise business processes will be an expanding theme over the next 6-12 months. While CRM deserves some applause for wrapping an MC Hammer cameo into its keynote, the more important takeaway for investors, in our view, is that by integrating social into its new and existing offerings, these solutions will likely become more ‘sticky' over time and will increasingly become part of the DNA in terms of how CRM customers interact both internally as well as with their own customers and partners. We expect this could ultimately increase salesforce.com's relevance within its customer base, which in turn should help drive larger deals and more enterprise-wide deployments, and is a key part of why we remain confident in the company's ability to maintain a long-term growth rate north of 20%." Shares of CRM gained $5.29 yesterday to close at $128.75.