Salesforce.com (CRM)

Re: Salesforce.com (CRM)

Postby winston » Mon Jan 04, 2021 2:57 pm

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What Needs to Happen for Salesforce Stock to Work in 2021

By Eric J. Savitz

Investors have now slashed Salesforce’s market cap by more than the total value of the proposed transaction. Until there is evidence the deal is working, analysts are likely to remain skeptical.

Salesforce is playing on some important trends here: growth in the cloud, subscription-based software revenue models and now collaboration tools. But for the stock to work, the company needs to convince the Street that buying Slack—rather than simply working with them—was a good idea.


Source: Barron's

https://www.barrons.com/articles/what-n ... eid=yhoof2
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Re: Salesforce.com (CRM)

Postby winston » Mon Jan 04, 2021 9:19 pm

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salesforce.com

In a year that saw cloud-based software-as-a-service (SaaS) stocks skyrocket into the stratosphere, one brand-name company still offers incredible value: salesforce.com (NYSE:CRM).

Salesforce is the leading global provider of cloud-based customer relationship management (CRM) software. CRM software is used by consumer-facing businesses to manage customer information, log service and product issues, manage marketing campaigns, and prospect for new/add-on sales.

Logically, CRM software makes sense for the retail and service industries. But we're seeing over time is that more than half of all CRM software revenue globally is derived from outside retail and service.

This includes healthcare, information technology, finance, and manufacturing, among other sectors and industries. The addressable market for CRM software is huge, and it just keeps growing.

Back in May, research and advisory firm Gartner released a report estimating that salesforce controlled 18.3% of the global CRM market at the end of 2019. That's almost as much share as the No.'s 2, 3, and 4 CRM companies put together.

Salesforce has established itself as the go-to for this rapidly growing segment of the SaaS stock space.

What's more, salesforce is in the process of acquiring Slack Technologies for $27.7 billion in cash and stock. The allure of this deal is that it allows salesforce to use enterprise-focused communications platform Slack as a jumping off point to promote Salesforce Customer 360.

Considering that multiple SaaS stocks are valued at 20 or more times forward revenue, salesforce is a veritable steal at roughly 8 times forward sales. That's what we call a screaming buy!

Source: Motley Fool
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Re: Salesforce.com (CRM)

Postby winston » Tue Jan 26, 2021 2:40 pm

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Is Salesforce Stock A Buy? Slack Deal Renews Debate Over Organic Growth, Margins

by REINHARDT KRAUSE

CRM stock has corrected some 16% since reports surfaced that it would buy Slack.

Salesforce stock consolidated, forming an entry point of 271.02.

As of Jan. 25, CRM stock trades well below a proper entry point and is not in a buy zone.


Source: IBD

https://www.investors.com/news/technolo ... src=A00220
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Re: Salesforce.com (CRM)

Postby winston » Tue Jan 26, 2021 2:52 pm

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Loop Capital Upgrades Salesforce, Says Stock Fairly Reflects The Odds

by Priya Nigam

The Salesforce Analyst: Yun Kim upgraded Salesforce from Sell to Hold and established a $225 price target.

Continued strength in the Tableau and Mulesoft businesses.

Some large standardization deals can be expected in the back half of the year, “as large European conglomerates begin to adopt salesforce.com as their enterprise standard as part of their overall efforts to accelerate their cloud migration”.


Source: Yahoo Finance

https://finance.yahoo.com/news/loop-cap ... 11387.html
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Re: Salesforce.com (CRM)

Postby winston » Tue Mar 02, 2021 1:17 pm

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Salesforce.com Inc (CRM US) - Well-positioned – look past the M&A headwinds

Salesforce is a global leader in CRM software, enabling companies to improve their relationships and interactions with their customers.

It has surpassed US$10b in annual revenue in FY18, reaching this milestone faster than any other enterprise software company in history.

It exists in a large TAM and its growth is powered by the digital transformation of companies of various sizes and industries.

Salesforce possesses a highly scalable model arising from its multi-tenanted technology architecture, and is looking to capitalize on growth opportunities overseas.

Salesforce’s suite of products also presents multiple cross-selling and upselling opportunities as it deepens its relationships with its existing customers. BUY.

Source: OCBC
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Re: Salesforce.com (CRM)

Postby winston » Mon Mar 08, 2021 9:56 am

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Salesforce Inc (US: CRM) reported a $2.17 billion annual gain from its investments in other tech companies.

A few days later, the company’s venture arm extended its winning streak with another big exit.

In a boom time for large tech IPOs and software consolidation, Salesforce’s name is showing up everywhere.

CEO Marc Benioff has proven that he’s not only a mega-dealmaker when it comes to buying high-priced cloud companies like Slack and Tableau but has also turned Salesforce, with its hefty balance sheet, into a major force in Silicon Valley venture capital.

Source: Phillips
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Re: Salesforce.com (CRM)

Postby winston » Tue May 25, 2021 9:36 am

Best Growth Stocks to Buy: Salesforce (CRM)

Cloud computing is still one of the biggest growth areas in technology. Moreover, California-based Salesforce is currently an industry leader in the red-hot segment.

Sadly, though, CRM stock cannot get good attention these days. Instead, many investors have turned a cold shoulder to Salesforce and started focusing on value and cyclical stocks — both of which are expected to perform well as the economy runs flat out again.

Today, CRM stock has fallen off a cliff since hitting its 52-week high of $284.50, down 21% to its current levels around $223.

The stock has largely been trading sideways since March of this year. However, analysts and investors who still believe in Salesforce and its cloud-computing dominance argue that the stock is merely consolidating before its next move higher.

Right now, the median price target on this stock is $273, suggesting 22% potential upside from here.

Source: Investor Place
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Re: Salesforce.com (CRM)

Postby winston » Tue Jun 01, 2021 2:44 pm

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Salesforce.com Inc (CRM US) - The force is strong with this one

Salesforce is a global leader in CRM software, enabling companies to improve their relationships and interactions with their customers.

It has surpassed US$10b in annual revenue in FY18, reaching this milestone faster than any other enterprise software company in history.

It exists in a large TAM and its growth is powered by the digital transformation of companies of various sizes and industries.

Salesforce possesses a highly scalable model arising from its multi-tenanted technology architecture, and is looking to capitalize on growth opportunities overseas.

Salesforce’s suite of products also presents multiple cross-selling and upselling opportunities as it deepens its relationships with its existing customers. BUY.

Source: OCBC
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Re: Salesforce.com (CRM)

Postby behappyalways » Mon Jul 18, 2022 12:24 pm

Salesforce Is Planning To Sublet Its Flagship San Francisco Office Space
https://www.zerohedge.com/markets/sales ... fice-space
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Re: Salesforce.com (CRM)

Postby winston » Wed Aug 31, 2022 6:00 pm

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Salesforce Inc – Good growth metrics; Announces US$10bn buyback

PSR Recommendation: BUY
Status: Maintained
Target Price: 213.00

2Q23 results were in line with expectations. 1H23 revenue/adjusted PATMI was at 48%/45% of our FY23e forecasts.

Total revenue grew 22% YoY to US$7.7bn driven by continued demand for its Customer 360 offerings and new customer wins.

Future contracted revenue or remaining performance obligations (RPO) grew by 15% YoY to US$41.6bn.

Multi-cloud adoption maintained traction as the number of customers purchasing five or more of Salesforce’s cloud products grew by double digits.

We maintain a BUY recommendation with a lowered DCF target price of US$213.00 (prev. US$253.00), with an increased WACC of 6.6% and a terminal growth rate of 4.0%.

We nudge lower our FY23e revenue/adjusted PATMI by 2%/1% due to FX headwinds and cautious IT spending environment.

Despite the macro impact, Salesforce enjoys longer term tailwinds from cloud-based digital transformation trends as companies look to form a more holistic views of their customers.

Source: Phillips

https://www.stocksbnb.com/reports/sales ... n-buyback/
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