Another Salesforce Acquisition Seems More Likely as Narrative Changes -- Market Talk

Dow Jones2022-09-23

12:18 ET - The likelihood of another material acquisition by Salesforce.com seems to have increased as the company's narrative has changed, analysts at JMP Securities say in a research note. The business-software provider provided a Customer 360 M&A Framework at yesterday investor day, a shift from its declaration in March that it doesn't have plans for material M&A in the near term. Some potential acquisition candidates include DocuSign, Okta and Zoom Video Communications, with Zoom being the easiest from an operating margin point of view, the analysts say. Shares rise 1.8%. (denny.jacob@wsj.com; @pennedbyden)

 

(END) Dow Jones Newswires

September 22, 2022 12:18 ET (16:18 GMT)

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