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salesforce.com, inc. (NYSE:CRM)‘s stock had its “positive” rating restated by research analysts at Bank of America in a report released on Thursday, American Banking & Market News reports.

The analysts wrote, “We see multiple positive levers going forward: 1) lower attrition as enterprise ramps; 2) broader distribution whereby 50% of Global 500 that are not customers can be targeted; 3) broadening TAM (total addressable market) into ecommerce, platform, analytics and HCM; 4) continued growth of ISV ecosystem which has quadrupled to900 in 2 years; 5) verticalization of the salesforce to get deeper penetration. Our proprietary analysis suggests CRM could sustain high growth (30%+ CAGR) for four to five years, with strength in marketing and platform. Our $68 PO is based on 8.6x EV/Recurring revs and 8.2mn subs exiting 1Q:FY16.”

Shares of salesforce.com, inc. (NYSE:CRM) traded down 1.36% on Thursday, hitting $62.16. 1,863,178 shares of the company’s stock traded hands. salesforce.com, inc. has a 1-year low of $36.09 and a 1-year high of $63.96. The stock’s 50-day moving average is $59.36 and its 200-day moving average is $53.19. The company’s market cap is $37.482 billion. salesforce.com, inc. also was the recipient of some unusual options trading activity on Tuesday. Investors purchased 16,337 put options on the stock. This represents an increase of 247% compared to the typical daily volume of 4,705 put options.

A number of other firms have also recently commented on CRM. Analysts at RBC Capital raised their price target on shares of salesforce.com, inc. from $66.00 to $70.00 in a research note on Friday, February 14th. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of salesforce.com, inc. from $63.00 to $70.00 in a research note on Thursday, February 13th. Finally, analysts at Roth Capital upgraded shares of salesforce.com, inc. from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. They now have a $80.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.95.

salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (NYSE:CRM), applications through the Internet or cloud.

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