Added to YB: 2024-03-21
Pitch date: 2024-03-20
CRM [bullish]
Salesforce, Inc.
-39.26%
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
$304.64
Price Target
400.96 (+117%)
Dividend
0.94%
EV/EBITDA
13.75
P/E
24.00
EV/Sales
4.36
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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