Added to YB: 2024-03-21
Pitch date: 2024-03-20
CRM [bullish]
Salesforce, Inc.
-39.18%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
Company Info
Salesforce, Inc. provides customer relationship management technology that connects companies and customers together worldwide.
Market Cap
$172.7B
Pitch Price
$304.64
Price Target
400.96 (+116%)
Dividend
0.90%
EV/EBITDA
13.92
P/E
24.61
EV/Sales
4.29
Sector
Software
Category
growth
Driving Growth: Salesforce, Inc. - $CRM
$CRM: 31% upside by CY25 on bullish integrator feedback. UE+ bundles resonating, GenAI progressing rapidly with strong customer pilot interest. Service growth accelerating to 5-7% in FY24 after sluggish FY23. Public sector strength, marketing cloud softness post-COVID. Discount to 25x CY25/26 FCF.
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