Have Salesforce shares hit bottom? BNP Paribas eyes catalysts to turn stock around
View original at seekingalpha.comHave Salesforce shares hit bottom?…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
At 4Q results, Salesforce announced a $50bn repurchase authorization, with the first $20bn completed by 3/15, the next $5bn completed by the end of FY27e, and the final $25bn yet to be scheduled
60% confidenceTotal FY27 buyback estimate increases to ~$25bn from ~$16bn previously, driving an 8% reduction in diluted share count for FY27 versus prior estimate
60% confidenceBuybacks are clearly not enough to trigger new investor interest or confidence, but next week's event highlighting Slackbot may serve as a near-term catalyst as it is likely to be another step in demonstrating real-world customer adoption of Salesforce's AI products
60% confidenceSalesforce stock might have finally reached its low point, and multiple near-term catalysts could help
60% confidence
Data points we hold from this source
| Salesforce · share buyback completed | 20 USD |