Salesforce Partners with FIFA for World Cup Support
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
0mins
Source: Benzinga
Salesforce Inc's stock has dropped 5.00% and hit a 5-day low amid a broader market decline, with the Nasdaq-100 down 2.18% and the S&P 500 down 1.18%.
The company has formed a strategic partnership with FIFA, becoming the Official Tournament Supporter for the 2026 and 2027 World Cups. This partnership will leverage Salesforce's Agentforce 360 platform and Slack to enhance operational efficiency, aiming to reach a global audience of over 5 billion, which is expected to significantly boost brand visibility and market impact.
This partnership not only enhances Salesforce's brand presence but also positions the company as a key player in major global events, potentially leading to increased customer engagement and revenue opportunities in the future.
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Analyst Views on CRM
Wall Street analysts forecast CRM stock price to rise
39 Analyst Rating
29 Buy
9 Hold
1 Sell
Moderate Buy
Current: 155.020
Low
223.00
Averages
326.40
High
405.00
Current: 155.020
Low
223.00
Averages
326.40
High
405.00
About CRM
Salesforce, Inc. is a customer relationship management (CRM) technology company. Its artificial intelligence (AI) powered Agentforce 360 Platform offers sales, service, marketing, commerce, collaboration, data management, integration, analytics, and information technology (IT) service solutions. It enables customers to build and deploy digital labor for employees and customers, leveraging autonomous AI agents across business functions. Its service offerings include Agentforce Sales, Agentforce Service, Agentforce 360 Platform, Slack and Others. The Agentforce Sales provides sales capabilities and tools built for organizations across prospecting, sales engagement, team collaboration, sales analytics and AI, sales programs, sales performance, partner management, and revenue and orders. The Agentforce Service provides field service solutions that enable companies to connect service agents, dispatchers and mobile employees through platform to schedule, dispatch and manage jobs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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