Jefferies raised its investment opinion on Salesforce.com (CRM) to buy from hold on Tuesday, citing factors such as better growth prospects.
Analyst Robert Schwartz noted the company's improved competitive environment and customer penetration, among other things. He sees the company making 16 cents fiscal year 2006 earnings per share. He also raised his 27 cents fiscal year 2007 earnings per share estimate to 29 cents. His price target is $26.