Salesforce stock price drop is presenting an attractive buying opportunity for value investors as shares of software company plunged sharply in the past two weeks amid the broader tech market selloff.

Its stock price is currently trading around $240, down from 52-weeks high of $285 a share. Meanwhile, the market fundamentals suggest a significant upside in the days ahead.

This is evident from the company’s strategy of adding more than 12000 jobs in the next year. In addition, analyst’s price targets also suggest value opportunity.

CRM salesforce.com, inc. daily Stock Chart

Canaccord Genuity has provided Buy ratings with a price target of $270, saying “there are few better positioned to help with customer-facing efforts than Salesforce as the digital transformation accelerates.” The firm also claims that CRM’s valuations are attractive in highly overvalued markets.

Morgan Stanley has set a price target of $275 for Salesforce stock. The firm says the latest earnings report and market fundamentals suggest improving demand and strong organic growth. Jefferies, on the other hand, increased its price target from $235 to $285.

The company has generated second-quarter revenue growth of 28% to $5.1 billion compared to the past year period. The revenue growth is driven by subscription and support sales growth of 29% while professional services revenue grew 23%.

“It’s humbling to have had one of the best quarters in Salesforce’s history against the backdrop of multiple crises seriously affecting our communities around the world,” says CEO Marc Benioff.

CRM has also raised the third-quarter revenue outlook to $5.24-5.25 billion. This represents a growth of 16% from the past year period. The market analysts are expecting its revenues to stand around $5B.The company now expects full-year revenue in the range of $20.7 to $20.8 billion compared to the previous forecast for $20.0B. Salesforce stock price grew 60% in the past twelve months and shares are up 49% since the beginning of this year.