Piper Jaffray analyst Alex Zukin raised his price target for Salesforce to $110 from $105 and says the stock remains his firm's top idea. Channel checks and conversations at the Salesforce World Tour event in Boston suggest that both the Enterprise and Commercial sales organizations continue to execute well and that the company has "more than enough pipeline to hit targets," Zukin tells investors in a research note. Even with the stock up 33% year-to-date, the current valuation is a "material discount to both fundamentals and peers," the analyst adds. Zukin reiterates an Overweight rating on Salesforce.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here