In the course of the last week, software, hardware and cloud stocks have taken a considerable hit, selling off at a much higher level to the market. Salesforce has now dropped 15% in 1 week, which may be very appealing to those who had previously missed out.
It does carry a lofty P/E ratio of 98 but is still on a very aggressive growth path, when the market turns CRM will just keep going higher.
AVERAGE ANALYSTS PRICE TARGET $183
AVERAGE ANALYSTS RECOMMENDATION buy
P/E RATIO 98
SHORT INTEREST 3%
COMPANY PROFILE
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
It does carry a lofty P/E ratio of 98 but is still on a very aggressive growth path, when the market turns CRM will just keep going higher.
AVERAGE ANALYSTS PRICE TARGET $183
AVERAGE ANALYSTS RECOMMENDATION buy
P/E RATIO 98
SHORT INTEREST 3%
COMPANY PROFILE
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.