|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||221.32 - 230.30|
|52 Week Range||115.29 - 284.50|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||58.56|
|Earnings Date||Feb 23, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||274.71|
Estimates for Salesforce.com, inc. (NYSE: CRM) have been de-risked to reflect slowing large deal activity, while mid-sized deal activity has accelerated, according to Loop Capital. The Salesforce Analyst: Yun Kim upgraded Salesforce from Sell to Hold and established a $225 price target. The Salesforce Thesis: Checks indicate a slight recovery in the company’s core business, driven by higher mid-sized deal activity and continued strength in the Tableau and Mulesoft businesses, Kim said in the upgrade note. The Street’s fiscal 2022 revenue estimate reflects 17% organic growth versus the annual organic revenue growth target of 20%, the analyst said. The latest checks “with large global system integrators indicate that overall business activity has improved modestly over the past several months, and they expect much of the momentum to continue in 2021 driven by strength in medium-sized deals despite the continued slowdown in large deal activity.” Some large standardization deals can be expected in the back half of the year, “as large European conglomerates begin to adopt salesforce.com as their enterprise standard as part of their overall efforts to accelerate their cloud migration,” Kim said. The stock “already fairly reflect risks” related to the acquisition of Slack Technologies Inc (NYSE: WORK), according to Loop. CRM Price Action: Shares of Salesforce.com were trading near-flat at $225.59 at last check. Logo: Salesforce.com. Latest Ratings for CRM DateFirmActionFromTo Jan 2021Loop CapitalUpgradesSellHold Jan 2021Goldman SachsInitiates Coverage OnBuy Jan 2021Credit SuisseMaintainsOutperform View More Analyst Ratings for CRM View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaWhy This Schlumberger Analyst Has 'Growing Confidence In An International Inflection'Why Morgan Stanley Is Downgrading Globalstar After Strong Rally© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Microsoft reports fiscal-second-quarter earnings after the close on Tuesday. The Street sees potential for better-than-expected results amid continued strong demand for both cloud services and PCs.
Salesforce (NYSE: CRM), the global leader in CRM, today announced that Chair and CEO Marc Benioff will participate in the World Economic Forum Davos Agenda taking place virtually from January 25-29, 2021. At the event, Benioff will participate in the following sessions: