Professional
Added to YB: 2024-07-23
Pitch date: 2024-06-30
CRM [bullish]
Salesforce, Inc.
-27.55%
current return
Author Info
No bio for this author
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
$255.38
Price Target
N/A
Dividend
0.94%
EV/EBITDA
13.75
P/E
24.00
EV/Sales
4.36
Sector
Software
Category
growth
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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