Based on the average brokerage recommendation (ABR), Salesforce.com (CRM) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Besides Wall Street's top -and-bottom-line estimates for Salesforce.com (CRM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended January 2024.
While the growing adoption of generative AI-enabled solutions and the continued cloud migration are likely to have aided Salesforce's (CRM) revenues in Q4, cost-cutting initiatives are anticipated to have boosted profitability.