Cloud software and platforms are evolving and Salesforce must also if the company is to take more of the addressable market.
Valuations are high for a cloud company of Salesforce's tenure. The company will need to do more than pursue acquisitions to earn these valuations.
Salesforce recently broke $186 and could see more upward movement for now. Long term, Salesforce will need to look at its product road map more closely to grow.
Last month, Salesforce.com (NYSE:CRM) lowered its guidance on EPS from a Q4 consensus of $0.61 down to $0.54-$0.55. Although the company beat on revenue, the growth is slowing from 28% in FY 2020