Salesforce’s service offerings include:
- Sales, to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence and deliver quotes, contracts and invoices
- Service, which enables companies to deliver trusted and highly personalized customer service and support at scale.
Its Service offerings also comprise flexible platform that enables companies of various sizes, locations and industries to build business apps to bring them closer to their customers with drag-and-drop tools; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, a system of engagement. Further Service offerings include:
- Marketing, which enables companies to plan, personalize and optimize one-to-one customer marketing journeys
- Commerce, which empowers brands to unify the customer experience across mobile, web, social and store commerce points
- Tableau, an end-to-end analytics solution serving various enterprise use cases
- MuleSoft, an integration offering that allows its customers to unlock data across their enterprise
Salesforce provides its Service offerings for customers in financial services, health care and life sciences, manufacturing and other industries.
Salesforce stock is a Goldman Sachs Conviction List member. The firm’s $300 price objective compares with a $204.43 consensus target. Friday’s final trade at $144.56 means hitting the Goldman Sachs target would be a 100% gain.
Snowflake
Surprisingly, Warren Buffett has shares of this top software company in the Berkshire Hathaway portfolio. Snowflake Inc. (NYSE: SNOW) provides cloud-based data platforms in the United States and internationally. Its platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications and share data. The platform is used by various organizations of various sizes in a range of industries.
Economic worries and tightening budgets are accelerating a move to consumption pricing, which charges software customers based on how much they use a product rather than a recurring annual or multiyear subscription fee. The model that has been popularized by Snowflake is being adopted by a growing number of software makers.
The Goldman Sachs target price of $200 is in line with the $200.05 consensus target. Snowflake stock closed at $149.74 on Friday.
With earnings over for the quarter, and the possibility of a seasonal Santa Claus rally always looming, investors may want to buy positions now but keep some dry powder to add in January if 2023 comes out of the gate on the downside. At any rate, all these top stocks have been eviscerated over the past year and have big upside to the Goldman Sachs price targets.
Originally published at 24/7 Wall St.
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