Salesforce Stock Price-News:
After learning of Bret Taylor’s resignation as co-CEO and reduced fourth-quarter expectations, Salesforce stock price declined despite the company’s positive third-quarter earnings.
As a result, analysts cut their targets across the board in response to the disappointment and uncertainty this news release creates around the stock.
CRM Analyst Updated Coverage:
Cowen maintains the Outperform rating for Salesforce.com (CRM:NYE) and lowers the price target to $195 from $210 on the company’s stock.
Deutsche Bank Capital lowers the Salesforce stock price target on to $200 from $220 and maintains the Buy rating.
Wedbush lowers the price target on Salesforce.com to $200 from $215 and maintains the Overweight rating on the company.
Wells Fargo maintains an overweight rating and lowers the Salesforce stock price target to $175 from $190.
Barclays lowers the price target on Salesforce.com to $180 from $193 and maintains the Overweight rating.
Based on the stock projections for Salesforce.com Inc made by 30 analysts, the average 12-month Salesforce stock price target is expected to be USD 195.85.
Strong Buy is the average analyst recommendation for Salesforce.com Inc. Stock Salesforce.com Inc.’s stock analysis by Target Advisor is Slightly Bullish and is based on 5 positives and 3 negative signals.
Salesforce stock price was 160.25 USD at the most recent close. The share price of Salesforce.com Inc. has changed during the course of the last week by +5.26%, a month by -1.70%, and a year by -43.76%.
About Salesforce.com Inc. (CRM:NYE):
Salesforce, Inc. offers customer relationship management software that connects businesses and customers globally. With the help of its Customer 360 platform, customers can collaborate to provide connected experiences for their clients.
Sales, which allows businesses to deliver quotes, contracts, and invoices, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence; and Service, which enables businesses to provide dependable and highly personalized customer service and support at scale.
Its service offerings also include Slack, an engagement platform, an online learning platform that enables anyone to learn in-demand Salesforce skills, and a flexible platform that enables businesses of all sizes, locations, and industries to build business apps to bring them closer to their customers with drag-and-drop tools.
The company also provides services such as marketing, which helps businesses to plan, customize, and improve one-to-one customer marketing journeys, and commerce, which enables brands to synchronize the consumer experience across mobile, web, social, and store commerce points.
Additionally, its service solutions include MuleSoft, an integration service that enables users to access data throughout their company, and Tableau, an end-to-end analytics solution covering a variety of enterprise use cases.
The business offers its services to clients in the manufacturing, healthcare, and life sciences, as well as other sectors. To certify its clients and partners in the development, administration, deployment, and architecture of its service offerings, it also provides professional services and on-site and online training programs.
Through direct sales, consulting firms, systems integrators, and other partners, the corporation offers its services. San Francisco, California serves as the corporate headquarters of Salesforce, Inc., which was established in 1999.
Fundamental Stock Analysis of Salesforce.com (CRM:NYE):
High market capitalization is something we like:
This organization is among the top quartile and is one of the biggest in its industry. These businesses are typically more reliable.
Superior returns on risk:
In the top quartile, this stock has outperformed its sector rivals on a risk-adjusted basis over the course of at least a 12-month holding period.
A healthy cash flow:
The last four quarters saw positive total cash flow for the organization.
A favourable free cash flow:
The last four quarters saw the company generate positive total free cash flow.
Superior growth in earnings:
In the preceding five years, this stock’s profits growth was in the top quartile for its industry.
Excessively expensive in relation to earnings:
Salesforce stock price is trading above the sector median and at a premium to its peers in terms of price to earnings.
Overpriced based on cash flow:
On a price-to-cash flow ratio, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median.
Priced excessively based on free cash flow:
On a price-to-free cash flow basis, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median.
Conclusion of Salesforce.com Stock Price Analysis: