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home / news releases / CRM - Salesforce Q1: cRPO Deceleration Continues; Rating Downgrade


CRM - Salesforce Q1: cRPO Deceleration Continues; Rating Downgrade

2024-05-31 09:39:39 ET

Summary

  • Salesforce's cRPO growth is decelerating due to cautious enterprise spending and a shift in IT budget allocations towards AI computing.
  • The company delivered strong financial results in Q1 FY25, with revenue growth and margin expansion driven by disciplined expense management.
  • I forecast that Salesforce's revenue growth will decelerate in the coming quarters and assign a fair value of $210 per share, downgrading the stock to a 'Sell' rating.

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For further details see:

Salesforce Q1: cRPO Deceleration Continues; Rating Downgrade
Stock Information

Company Name: Salesforce.com Inc
Stock Symbol: CRM
Market: NYSE
Website: salesforce.com

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