Wachovia ups CRM target ($70-$75)

May 6, 2008

Wachovia corp’s research note has Salesforce’s new stock target up to a maximum of 8% over it’s current value. While it may not seem so interesting that the fourth largest investment bank in the United States feels that Salesforce is worth more than we’re currently paying for it, the note itself has a few inspiring things to say about CRM.

Such as Salesforce is “best-positioned to continue leading the market” and that it will continue to increase “awareness among many customers not yet accustomed to the on-demand model.” There’s also a pretty solid burn in there against Microsoft’s CRM. It’s worth checking out if you’re into that sort of thing.

The post that put me on to it is from the fine people at StreetInsider and here’s a link to the google finance beta charting.

Written by Michael · Filed Under Salesforce.com News