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Investing.com - UBS maintained its Neutral rating and $260.00 price target on salesforce.com (NYSE:CRM), currently valued at $241.21 billion, following the analyst firm’s attendance at the company’s Dreamforce event in San Francisco. The company maintains impressive gross profit margins of 77.65% and boasts a perfect Piotroski Score of 9, according to InvestingPro data.
UBS conducted customer checks and attended the Investor Day during the two-day event, describing the Investor Day as a "net positive" for the company.
Salesforce provided guidance for total revenue compound annual growth rate (CAGR) exceeding 10% through fiscal year 2030, starting from a current base of 8% growth.
The company projects reaching over $60 billion in revenue by FY30, which exceeds UBS’s current estimate of $56.6 billion, and anticipates continued margin expansion into the high-30% range.
UBS tempered its view based on expectations that it will take 12-18 months for Salesforce’s growth to exceed 10%, noting that the projected margin improvements are "skewed to the out years."
In other recent news, Salesforce has made significant announcements regarding its financial targets and strategic initiatives. During its Analyst Day, the company revealed long-term guidance aiming for over $60 billion in revenue by fiscal 2030, which reflects an approximate 10% compound annual growth rate (CAGR). Operating margins are anticipated to reach around 40%. Several analyst firms have responded to these updates. Goldman Sachs reiterated its Buy rating with a price target of $385, expressing optimism about the company’s growth prospects. Oppenheimer also reiterated an Outperform rating with a $315 price target, confident in Salesforce’s medium-term guidance. Meanwhile, DA Davidson and Guggenheim maintained their Neutral ratings, with Guggenheim expressing skepticism about the ambitious revenue target. Cantor Fitzgerald continues to support Salesforce’s AI strategy, maintaining an Overweight rating and a $325 price target, highlighting the company’s role as an "AI orchestration layer for the enterprise." These developments showcase Salesforce’s focus on innovation and strategic positioning in the market.
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