Crypto Whales Are Loading Up — Are You?
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Hickey noted that despite the shares trading close to all-time highs, Saleforce stock has fallen behind SAAS peers. The analyst commented, "We expect the company to double revenue over the next three years, driven by secular SAAS tailwinds, a benign competitive environment and a new focus on the enterprise opportunity. We also expect less M&A and a return to margin expansion, which should help sentiment." Atlantic Equities further remains optimistic on Salesforce's diversification.
The analyst added positive sentiment on the new senior sales hire of Oracle's Keith Block and the $140 million State Farm deal from last year. Atlantic Equities expect a +30 percent revenue growth in CY14 and that revenue will double in CY16 to $8 billion. Salesforce.com closed at $53.96 on Friday.Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.