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Enter Symbol:
 
Salesforce.com Inc (CRM) [hlAlert]

Rating:
Outperform
CRM
up 331.32 %

Salesforce.com Inc (CRM) upgraded to Outperform with price target $74 by Wedbush Morgan

Posted on: Tuesday,  Nov 24, 2009  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Outperform Salesforce.com Inc (NYSE: CRM) on 11/24/2009, when the stock price was $16.22. Since
then, Salesforce.com Inc has gained 331.33% as of 11/20/2015's recent price of $69.94.
If you would have followed this Wedbush Morgan's recommendation on CRM, you would have gained 331.32% of your investment in 2187 days.

Salesforce.com, inc. is a provider of software on demand. The Company provides customer relationship management (CRM) service to businesses of all sizes and industries worldwide. The Company also provides a technology platform for customers and developers to build and run business applications. Approximately 55,400 customers worldwide use salesforce.com to manage their customer, sales and operational data. The Company designed and developed its offering to be an easy-to-use and intuitive solution that can be deployed rapidly, can be customized easily and can be integrated with other software applications. The Company deliver its service through a standard Web browser. Customers who use its enterprise cloud computing CRM service and platform are able to avoid many of the expenses and complexities of traditional enterprise software development and implementations.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/24/2009 9:25 AM Buy
None
16.22 18.50
as of 12/31/2009
1 Week up  81.99 %
1 Month up  110.97 %
3 Months up  103.88 %
1 YTD up  72.98 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/11/2009 8:25 AM Hold
None
14.33 13.00
8/19/2009 9:25 AM Sell
None
10.95 8.75
4/9/2009 8:25 AM Sell
None
9.00 6.75
11/21/2008 9:25 AM Hold
None
6.31 6.75
11/14/2008 12:25 PM Hold
None
6.63 7.75
5/22/2008 9:25 AM Hold
None
16.00 15.25
2/28/2008 9:25 AM Hold
None
15.42 15.00
11/1/2007 11:25 AM Hold
None
13.38 14.25

(*) Stock Price at the time of the recommendation.
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