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Salesforce.com CDR (CAD Hedged)
Symbol CRM
Shares Issued 3,950,000
Close 2025-08-29 C$ 20.05
Market Cap C$ 79,197,500
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Globe says Citi analyst glum on Salesforce

2025-09-02 08:27 ET - In the News

The Globe and Mail reports in its Monday edition that Nasdaq is near records, but Salesforce has been left out in the cold. Guest columnist Amber Kanwar wonders whether this week's earnings will turn things around. With its valuation at a decade low, it is worth paying attention to its results. Software has underperformed on concerns that artificial intelligence is taking over many capabilities. Salesforce is caught up in those concerns, but the stock has done even worse than the software index. This, despite the company having its own AI solution, Agentforce. The trouble is that its AI is not being deployed at scale yet. Sales this quarter are projected to grow 8.7 per cent, which is a deceleration from previous years. "We remain more cautious on [Salesforce]," Citi analyst Tyler Radke wrote in a preview note to clients, warning investors not to be lured by its low valuation. Mr. Radke says his checks indicate that revenue growth will "remain constrained" and this quarter could be worse than the previous quarter.

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