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More analysts weigh in on Salesforce's MuleSoft purchase

Published 03/21/2018, 12:17 PM
Updated 03/21/2018, 12:17 PM
© Reuters.  More analysts weigh in on Salesforce's MuleSoft purchase
  • BMO is Neutral on Salesforce’s (CRM -1.9%) purchase of MuleSoft (MULE +5.8%) but does question the strategic fit.
  • Firm remains very positive on Salesforce and calls Salesforce, Microsoft (MSFT -0.2%), and Adobe (ADBE -0.9%) core software holdings.
  • Mizuho thinks the deal makes sense given MuleSoft’s market position and enterprise traction.
  • Firm is concerned about the purchase price, potential realization of synergies, and margin impact.
  • Mizuho remains positive on Salesforce due to sustained growth opportunity and its strong market position.
  • Source: Briefing.com.
  • Previously: Salesforce buys MuleSoft for $44.89 per share (March 20)
  • Previously: Needham thinks Salesforce overpaid for MuleSoft (March 21)
  • Now read: Salesforce: Hard To Justify The Mulesoft Premium


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