Valuation is not being disclosed but for a reference point, PitchBook put it at $376 million last year.
The analyst lowered the price target based on a “software valuation downdraft.”
Founded in 1999, Salesforce, Inc. (NYSE:CRM) is a San Francisco, California-based cloud-based software company with a $175.4 billion market capitalization.
The company has an average price target of $271.62 with a high of $330.00 and a low of $223.00.
Salesforce uses a 1-1-1 model, which sees it give 1% of equity, product, and employee time back to its communities.
While digital commerce continues to prevail, it’s clear that inflation is having an impact on overall consumer spending.
The RNC’s lawsuit argues that such a request goes beyond the scope of the congressional committee’s subpoena power.
Salesforce has also managed to improve Mulesoft’s performance.
Partnership enables Salesforce customers to leverage Sprout’s industry-leading social media suite.