Salesforce.com (NYSE:CRM) Expansion Should Accelerate After Heroku Deal Done

Salesforce.com (NYSE:CRM) appears ready to take things to the next level now that their acquision of Heroku is completed, says Macquarie.

They said, "Together with VMforce, a cloud development framework that targets 6 million Java developers, Heroku will enable Salesforce.com to attract a critical mass of developers, customers and ISVs looking to develop cloud based apps using their language of choice."

Macquarie lowered their 4Q11 EPS estimate from $0.28 to $0.26 and raised their full year 2012 revenue estimate to $1.995 billion, a $5 million increase over the previous estimate.

They lowered their full year 2012 EPS estimate from $1.46 to $1.36, and kept the full year 2013 estimate the same at $1.69.

Salesforce.com closed Tuesday at $135.69, down $0.91, or 0.67 percent. Macquarie have a price target of $165 on them.