Piper Jaffray initiates coverage on NYSE:CRM

April 25, 2008

Between November of 2006 and October 2007 Salesforce’s stock, CRM, saw half a dozen downgrades from major investment banks like Lehman Bros. and Canaccord Adams.

Post fall 2007 however, CRM has been seeing a lot of positive coverage and drawing a few new eyes, even “largest manager of private wealth assets” UBS has upgraded Salesforce from neutral to outperform in 2008. Everyone in the Salesforce know knows what SFDC is up to ,what the plans are and what the future holds and what the potential is for the little CRM that could (and did). Now apparently after a winter of discontent the big money is giving Salesforce another once over and in a more positive light.

Piper Jaffray, UBS, and the original post that put me on to this is over at Street Insider.

Written by Michael · Filed Under Salesforce.com News