Will This Ratings Initiation Help Salesforce.com (CRM) Stock Today?

NEW YORK (TheStreet) -- Salesforce.com Inc. (CRM) was initiated with an "overweight" rating and a $74 price target at JPMorgan on Tuesday.

The firm said it initiated coverage on the company, which provides enterprise cloud computing and social enterprise solutions, based on its belief Salesforce.com will be able to continue to generate strong sales growth in the long term.

Shares of Salesforce.com are higher by 0.22% to $59.21 in pre-market trading this morning. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

CRM Chart CRM data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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