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Salesforce.com, Inc.
CRM Details
Salesforce.com, Inc. (NYSE: CRM) is a global pioneer in customer relationship management (CRM) technology, bridging the gap between companies and customers. Its Customer 360 platform connects customer data across systems, apps, and devices to provide a single source of truth, allowing businesses to sell, service, and conduct business anywhere. It also offers solutions including Service Cloud for customer care, Marketing Cloud for digital marketing campaigns, Commerce Cloud for e-commerce, and MuleSoft for data integration.
Latest News:
Q3FY22 Results:
Key Risk:
Outlook:
Valuation Methodology: Price/Earnings Per Share Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
CRM's stock price has fallen 32.23% in the past three months and is currently leaning towards the lower end of its 52-week range of USD 201.51 to USD 311.75. We have valued the stock using the Price/Earnings-based relative valuation methodology and arrived at a target price of USD 254.76.
Considering the significant correction in the stock price, strong topline performance, industry above net margin and ROE, collaboration with Holiday Inn, launch of safety cloud, positive outlook, associated risks, and current valuation, we recommend a "Buy" rating on the stock at the current price of USD 206.97, down 0.45% as of February 14, 2022, at 01:36 PM ET.
Three-Year Technical Price Chart (as on February 14, 2022, at 01:36 PM ET). Source: REFINITIV, Analysis by Kalkine Group
Technical Analysis Summary:
Technical Indicators Defined: -
Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors’ appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the Valuation has been achieved and subject to the factors discussed above.