Salesforce Stock Forecast: Work.com Bolsters Salesforce.com’s Lead In CRM

June 23, 2020
motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • Long-running leadership in Customer Relationship Management or CRM has kept Salesforce the no. 2 in Enterprise Software-as-a-Service.
  • As of this year, Salesforce has 18.4% market share in the fast-growing CRM industry. The global CRM business was worth $40.2 billion last year. CRM is growing at 14.2% CAGR until 2027.
  • The recent launch of Work.com fortified Salesforce’s leadership in CRM. Work.com is a suite of tools that helps businesses safely re-open during this pandemic.
  • Salesforce.com is a certified high-growth company. Its 5-year revenue CAGR is 26.36%. The new normal of work-from-home, learn-from-home will further accelerate Salesforce growth.
  • I Know First has a very bullish one-year forecast score for Salesforce. My one-year price target for CRM therefore is $210.

CRM stock forecastRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here
Premium Articles

Salesforce Stock Forecast: An Algorithmic And Fundamental Analysis

December 21, 2014

Summary

  • CRMSalesforce.com, the CRM market leader, has experienced tremendous revenue growth.
  • Acquisitions and new products position the company to remain the industry leader.
  • Net margins have been negative because of high operating expenses and stock compensation.
  • A recent fall in the stock’s value presents an opportunity to buy the stock at a cheap price.

Salesforce.com, Inc. (NYSE:CRM) provides enterprise cloud computing solutions to various businesses and industries worldwide. It is the largest provider of customer relationship management software, and its CRM platform has become the world's leading enterprise cloud ecosystem. Industries and companies of all sizes can connect to their customers using the latest innovations in mobile, social, and cloud technology to sell, service, market, and succeed like never before. Seen as a pioneer in the cloud software business, much of its success is a result of its software-as-a-service (or SaaS) modules and related offerings.

Read the full article on Seeking Alpha

Stock Forecast & S&P500 Forecast