SuccessFactors Added To Conviction Buy At Goldman (SFSF)

Goldman Sachs added SuccessFactors, Inc. (NASDAQ: SFSF) to its Goldman Sachs Conviction Buy List, as it sees additional exposure to cloud computing.

In the research note, Goldman writes, "From a stock perspective, and all are CL Buy-rated, we favor Juniper, Oracle, Sapient and SuccessFactors in the shift to Cloud-computing. Amazon benefits here too, though we recommend Amazon primarily for its retail and especially e-books opportunities. For mobility we recommend Qualcomm and favor the towers given their leverage to mobile data growth,, recommending SBA Communications and Crown Castle. We also remain positive on Lam Research and Teradyne. We are adding SuccessFactors to the Conviction Buy List to add
further weight to Cloud."

Shares of SFSF are up 88 cents or 3.5% to $25.91 in early Tuesday trade.