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salesforce.com, inc. (CRM)

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230.84+0.28 (+0.12%)
As of 2:21PM EDT. Market open.
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  • Salesforce Aids Sonos In Digital Transformation
    SmarterAnalyst

    Salesforce Aids Sonos In Digital Transformation

    Salesforce (CRM) revealed that Sonos, a sound experience company, is using Salesforce software to transform its digital shopping capabilities and deliver more personalized customer experiences. CRM shares increased 1.1% to close at $230.56 on April 21. Hit hard by the COVID-19 pandemic, many of Sonos’ (SONO) retail partners closed down. On the other hand, the company experienced a spike in multi-room wireless home audio system demand amid stay-at-home orders. Therefore, with the help of the Salesforce platform, Sonos was able to cater to this huge consumer demand digitally. This led the direct-to-consumer business to surge by 84% year-over-year. Service Cloud, Salesforce CEO Clara Shih said, “Service is no longer just about solving problems — it’s about building trust and proactively delivering great experiences to create lifelong relationships with customers. Sonos is making data-driven customer service a priority by providing their service agents with the context and insights to deliver the best experience from anywhere.” (See Salesforce stock analysis on TipRanks) On March 8, Goldman Sachs analyst Kash Rangan reiterated a Buy rating and a price target of $315 (36.6% upside potential). According to Rangan, Salesforce is well-positioned to reap the benefits after spending on digital transformation, which is likely to surpass the overall IT budget for the “foreseeable future.” The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 17 Buys versus 6 Holds. The average analyst price target of $273.91 implies 18.8% upside potential to current levels. Shares have increased 49.6% over the past year. TipRanks data shows that financial blogger opinions are 89% Bullish on CRM, compared to a sector average of 67%. Related News: Intel Earnings Preview: Here’s What To Watch For Johnson & Johnson Earnings Preview: Here’s What You Need To Know Morgan Stanley’s 1Q Results Beat Expectations As Revenues Surge; Shares Dip More recent articles from Smarter Analyst: Wall Street Roundup: Bullish & Bearish Calls Of The Day Amazon’s AWS Partners With DISH Network Thursday’s Pre-Market: Here’s What You Need To Know Before The Market Opens Intuitive Surgical Posts Strong 1Q Results, Beats Street Estimates

  • 5 Stocks That Can Turn $100,000 Into $400,000 This Decade
    Motley Fool

    5 Stocks That Can Turn $100,000 Into $400,000 This Decade

    The stock market provides a pathway for tens of millions of Americans to work their way toward financial freedom. For example, the broad-based S&P 500, which is home to 500 of the largest multinational companies by market cap, has generated an annual average total return, including dividends, of more than 10% for the past four decades. People who chose to reinvest their dividends could double their initial investment in an S&P 500 tracking index in about seven years.

  • Were Hedge Funds Right About salesforce.com (CRM)?
    Insider Monkey

    Were Hedge Funds Right About salesforce.com (CRM)?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 887 world-class investment firms that we track and now have access to the collective wisdom contained in […]