Professional
Added to YB: 2024-07-23
Pitch date: 2024-06-30
CRM [bullish]
Salesforce, Inc.
+2.52%
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
$243.2B
Pitch Price
$255.80
Price Target
N/A
Dividend
0.64%
EV/EBITDA
19.59
P/E
34.65
EV/Sales
6.04
Sector
Software
Category
growth
Show full summary:
Mar Vista Strategic Growth Portfolio Holding: Salesforce, Inc.
CRM: Missed Q2 bookings, lowered FY2025 sub rev growth to ~10%. Facing cyclical pressure: longer sales cycles, smaller deals, budget shifts to AI. Well-positioned for AI tailwind in CRM space. Strong customer data asset. Stock down on near-term headwinds, but long-term AI potential remains.
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