Salesforce.com, Inc. (CRM) PT Raised To $55 After Earnings

Surprisingly positive earnings from salesforce.com, inc. (NYSE:CRM) were released after close yesterday afternoon and have renewed excitement in the company. On today's market, shares have jumped by more than 13%, and analysts are releasing new estimates, increasing projected earnings and target prices on the stock.

Terry Tillman, of Raymond James Research, increased his price target for the company from $52.50 to $55 per share. The report reiterated the Outperform rating that had been put on the company's stock in previous reports. Salesforce.com, inc. (NYSE:CRM) has momentum behind it, according to the report, and...