Analysts: Coverage Starts at Buy

Thursday Jan 6th 2011 by -

Morgan Joseph Analysts say the company stands to benefit from significant market growth opportunities.

According to StreetInsider, Morgan Joseph has initiated coverage on (NYSE: CRM) with a Buy. PT $170. In the report, Morgan analyst said that stands to benefit from several key advantages as well as significant market growth opportunities.

"The transition of almost all software to the 'cloud' is inevitable, in our view, as Software-as-a- Service (SaaS) offerings lower overall investment costs in hardware and software for enterprise customers, and lead to a CRM subscription-based model."

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