Salesforce, Inc. (CRM)
294.33 USD -8.99 (-2.96%) Volume: 11.85M
Discover Salesforce, Inc.’s stock price performance, currently trading at 294.33 USD, down by 2.96% this session, with a trading volume of 11.85M. Despite the recent drop, Salesforce’s stock has experienced a positive YTD percentage change of +11.85%, showcasing its resilience and potential for growth in the market.
Latest developments on Salesforce, Inc.
Significant events are shaping Salesforce.Com Inc‘s stock price movements. The firm’s recent lead in a funding round that valued AI company, Together AI, at $1.25 billion, and the launch of an AI healthcare assistant, signal Salesforce’s continued investment in AI technology. However, the stock has underperformed compared to competitors on both Wednesday and Friday, despite being a favorite amongst institutional investors who own 82% of the company. Additionally, CEO Marc Benioff has sold 15000 shares, amounting to over $4.5 million of the company stock.
Salesforce, Inc. on Smartkarma
Analysts on Smartkarma, an independent investment research network, have been closely monitoring the coverage of Salesforce.Com Inc. According to reports from Baptista Research, a top independent analyst on the platform, Salesforce’s recent acquisition of Spiff is expected to greatly enhance their offerings and create synergies. This news has been met with a bullish sentiment, with the company reporting a strong performance across all key metrics in their Q4 and full year results for fiscal 2024. This transformation has been attributed to the surge in artificial intelligence, solidifying Salesforce as a leader in the industry.
Another report from Baptista Research on Smartkarma highlights Salesforce’s impressive growth and successes in the market. The company’s recent acquisition of Airkit.ai is seen as a potential game changer, with a non-GAAP margin exceeding 30% and revenue reaching $8.7 billion in the quarter, an 11% increase from the previous year. With a growing number of high-value deals and the introduction of new products such as the Data Cloud and Einstein GPT Copilots, Salesforce is solidifying its position as one of the top enterprise software companies in the world.
A look at Salesforce, Inc. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The long-term outlook for Salesforce.Com Inc, a global provider of software on demand, is looking promising based on the company’s Smartkarma Smart Scores. These scores, which range from 1 to 5, indicate the overall outlook for the company in terms of value, dividend, growth, resilience, and momentum. With a score of 3 for value, this suggests that the company is trading at a fair price in the market. However, the company does not currently offer a dividend, receiving a score of 1 in that category.
On the other hand, Salesforce.Com Inc has received strong scores in growth, resilience, and momentum with scores of 3, 3, and 5 respectively. This indicates that the company has a strong potential for growth, is able to weather market challenges, and has positive momentum in the market. Overall, these scores suggest that Salesforce.Com Inc is a promising company with a solid foundation for future success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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