Salesforce hits 52-week highs, analyst praise pours in

|By:, SA News Editor (CRM +14%) shares gap up to 52-week highs a day after blowing past Wall Street estimates, and analyst praise continues to pour in.

CRM “remains by a wide margin the fastest growing company of its size [which] should be able to keep its impressive growth trajectory relatively intact for at least the next 6-8 quarters," Canaccord says in reiterating its Buy rating.

Credit Suisse raises its price target to $60 from $52.50 as the company "most leveraged to the massive technology refresh and expansion cycle across the B2B and B2C CRM segments."

Earlier analyst commentary: I, II.