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
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Buybacks 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% confidenceTotal FY27 buyback estimate increases to ~$25bn from ~$16bn previously, driving an 8% reduction in diluted share count for FY27 versus prior estimate
60% confidenceAt 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% confidence
Data points we hold from this source
| Salesforce · share buyback completed | 20 USD |