Will The Activist Investment Hurt Or Help Salesforce (CRM)?
Schwab Network
English - January 24, 2023 19:49 - 7 minutes - 71 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Microsoft (MSFT) Earnings Preview: Investing In Tech Long-Term
Activists Elliott Management & Inclusive Capital take positions in Salesforce (CRM). Joseph Bonner discusses this as Elliot Management partner Jesse Cohn notes that Salesforce is "one of the preeminent software companies in the world." Joseph notes that CRM's share price decline has made CRM vulnerable to activists. He then goes over what activist investment at CRM means for co-CEO Marc Benioff. He also mentions how Argus Research raised Netflix's (NFLX) price target to $390 from $340 and keeps a buy rating. Tune in to find out more about the stock market today.