Professional
Added to YB: 2024-05-31
Pitch date: 2024-05-30
CRM [bullish]
Salesforce, Inc.
-14.52%
current return
Author Info
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Company Info
Salesforce, Inc. provides customer relationship management technology that connects companies and customers together worldwide.
Market Cap
$172.7B
Pitch Price
$216.76
Price Target
315.00 (+70%)
Dividend
0.90%
EV/EBITDA
13.92
P/E
24.61
EV/Sales
4.29
Sector
Software
Category
growth
Show full summary:
Goldman Sachs Maintains Buy on Salesforce: Key Catalysts Ahead
CRM PT $315 (prior $345). Q1 sub rev +12%, cRPO +10%, OPM 32% in-line but Q2 guide weak (+7-8% rev, +9% cRPO) on macro. We stay Buy: easing rates, elections, Gen-AI tailwinds + low churn (8%), cross-sell upside, vertical solutions & margin expansion ahead. Unique data moat positions CRM for Gen-AI.
Read full article (1 min)