Added to YB: 2024-03-06
Pitch date: 2024-03-06
CRM [bullish]
Salesforce, Inc.
-38.8%
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 services that connect companies and customers together in the United States, Europe, and the Asia Pacific.
Market Cap
$172.8B
Pitch Price
$302.33
Price Target
N/A
Dividend
0.94%
EV/EBITDA
13.75
P/E
24.00
EV/Sales
4.36
Sector
Software
Category
growth
Salesforce (CRM): Optimism and Growth in the Data Cloud Era
$CRM CFO bullish: disciplined growth+margin expansion, Data Cloud+GenAI tailwinds, 9% price hike over 3yrs, verticals 30%+ ASP & lower churn, 80% of customers <=3 clouds (upsell opp), M&A to continue. Focused on credibility & GAAP earnings to drive multiple expansion.
Read full article (3 min)