S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought

Salesforce (CRM) Stock Forecast, Price & News

$208.70
+0.45 (+0.22%)
(As of 08/11/2023 08:48 PM ET)
Compare
Today's Range
$205.50
$209.50
50-Day Range
$205.73
$234.28
52-Week Range
$126.34
$238.22
Volume
2.93 million shs
Average Volume
7.31 million shs
Market Capitalization
$203.27 billion
P/E Ratio
549.22
Dividend Yield
N/A
Price Target
$224.56

Salesforce MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
7.6% Upside
$224.56 Price Target
Short Interest
Healthy
0.77% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.13mentions of Salesforce in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$239.97 M Sold Last Quarter
Proj. Earnings Growth
28.84%
From $5.27 to $6.79 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Computer And Technology Sector

412th out of 607 stocks

Prepackaged Software Industry

130th out of 208 stocks


CRM stock logo

About Salesforce (NYSE:CRM) Stock

Salesforce, Inc. is a cloud-based SaaS company founded by former Oracle exec Marc Benioff in 1999. Mr. Benioff founded the company with 3 partners who will remain active in management until nearly 2020. Larry Elison, a co-founder of Oracle, is a noteworthy early investor who helped propel the company to its success. The company is a leader in CRM or customer relationship management and is largely responsible for the proliferation of digitized CRM solutions that is ongoing today.

The company was not immune to the DotCom bubble bursting and had to cut back its workforce and plans but the event is nothing but a blip on the radar now. Even then, the company could sustain a hyper-growth rate that saw revenue skyrocket from $0 in 1999 to over $100 million by the end of 2003. The company held its IPO in 2004 and raised $110 million. The hypergrowth continued until 2014 driven by the growing recognition among C-suite executives that digital CRM was the path to accelerated revenue and earnings growth.

The company made multiple small acquisitions in the period leading up to 2014, but it was then that investment in other technology accelerated. Total spending in 2016 topped $5 billion and led to the acquisition of Slack in 2020. The company was added to the Dow Jones Industrial Average, instantly becoming the largest technology company in the index. The Slack acquisition came under some criticism due to the elevated cost the company paid. The track record of growth that includes sustained sequential growth through the end of 2022 put an end to the criticism.

Today, Salesforce.com provides customer relationship management technology that brings companies and customers together worldwide. It is the 1st cloud stock to reach $1 billion in revenue, hitting that target in 2009. It is the world’s largest enterprise-level software provider and the 61st-largest company by market cap. In regards to US businesses, it is ranked 136th on the Forbes Fortune 500 list for 2022 when revenue topped $7.7 billion.

The company offers its services via the Customer 360 platform. The platform is designed to deliver connected experiences for a business's customers in a way that delivers sales. Revenue is generated in 2 channels that include Sales and Service. The Sales offering stores data, monitors leads and tracks traffic progression through the sales funnel. It can forecast and provide other analytics as well as deliver quotes, contracts and invoices.

The Service segment allows companies to provide personalized services and support at scale. Scale is the fundamental quality that drives Salesfoce.com’s success because it has been able to scale and aid its clients when they scale. Among Service’s many offerings is the ability to create apps with a drag-and-drop builder tool. This segment also includes Slack which permits easy communication among business associates.

Salesforce.com Ventures is a wholly-owned subsidiary of Salesforce.com. It is in business to invest in start-up and early growth phase businesses and has invested more than $5 billion since 2009.

CRM Price History

CRM Stock News Headlines

3 Companies with the Biggest Share Buybacks (CRM)
Share buybacks are a way for a publicly traded company to deliver value to its shareholders, and these three companies have issued some of the largest buybacks
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
See More Headlines
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CRM Company Calendar

Last Earnings
5/31/2023
Today
8/13/2023
Next Earnings (Confirmed)
8/30/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
CUSIP
79466L30
Employees
79,390
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$224.56
High Stock Price Forecast
$278.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+7.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
38 Analysts

Profitability

Net Income
$208 million
Pretax Margin
3.15%

Debt

Sales & Book Value

Annual Sales
$31.35 billion
Cash Flow
$7.97 per share
Book Value
$58.36 per share

Miscellaneous

Free Float
937,962,000
Market Cap
$203.27 billion
Optionable
Optionable
Beta
1.20

Social Links

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Key Executives

  • Mr. Marc R. BenioffMr. Marc R. Benioff (Age 58)
    Co-Founder, Chairman & CEO
    Comp: $5.27M
  • Mr. Brian MillhamMr. Brian Millham (Age 54)
    Pres & COO
    Comp: $4.07M
  • Ms. Amy E. WeaverMs. Amy E. Weaver (Age 55)
    Pres & CFO
    Comp: $1.71M
  • Mr. Srinivas TallapragadaMr. Srinivas Tallapragada (Age 53)
    Pres & Chief Engineering Officer
    Comp: $1.71M
  • Mr. Parker HarrisMr. Parker Harris (Age 56)
    Co-Founder, CTO & Director
    Comp: $1.7M
  • Mr. Brent HyderMr. Brent Hyder (Age 58)
    Pres & Chief People Officer
  • Mr. David Schmaier
    Pres & Chief Product Officer
  • Ms. Sarah Franklin
    Chairman of Advisory Board & Pres
  • Mr. Ariel Kelman
    Pres & Chief Marketing Officer
  • Mr. Sundeep G. ReddyMr. Sundeep G. Reddy (Age 49)
    Exec. VP & Chief Accounting Officer













CRM Stock - Frequently Asked Questions

Should I buy or sell Salesforce stock right now?

38 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Salesforce in the last twelve months. There are currently 1 sell rating, 14 hold ratings, 22 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRM shares.
View CRM analyst ratings
or view top-rated stocks.

What is Salesforce's stock price forecast for 2023?

38 brokerages have issued 12-month target prices for Salesforce's shares. Their CRM share price forecasts range from $150.00 to $278.00. On average, they predict the company's share price to reach $224.56 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
View analysts price targets for CRM
or view top-rated stocks among Wall Street analysts.

How have CRM shares performed in 2023?

Salesforce's stock was trading at $132.59 at the beginning of the year. Since then, CRM shares have increased by 57.4% and is now trading at $208.70.
View the best growth stocks for 2023 here
.

Are investors shorting Salesforce?

Salesforce saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 7,490,000 shares, a decline of 22.3% from the July 15th total of 9,640,000 shares. Based on an average daily volume of 6,650,000 shares, the short-interest ratio is presently 1.1 days.
View Salesforce's Short Interest
.

When is Salesforce's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 30th 2023.
View our CRM earnings forecast
.

How can I listen to Salesforce's earnings call?

Salesforce will be holding an earnings conference call on Wednesday, August 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Salesforce's earnings last quarter?

Salesforce, Inc. (NYSE:CRM) released its quarterly earnings data on Wednesday, May, 31st. The CRM provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The CRM provider had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.17 billion. Salesforce had a net margin of 1.18% and a trailing twelve-month return on equity of 5.75%. During the same quarter in the previous year, the firm posted $0.41 earnings per share.
Read the conference call transcript
.

How will Salesforce's stock buyback program work?

Salesforce declared that its board has approved a stock repurchase plan on Wednesday, March 1st 2023, which permits the company to repurchase $20,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 10.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

What guidance has Salesforce issued on next quarter's earnings?

Salesforce updated its second quarter 2024 earnings guidance on Sunday, June, 4th. The company provided EPS guidance of $1.89-$1.90 for the period, compared to the consensus earnings per share estimate of $1.70. The company issued revenue guidance of $8.51 billion-$8.53 billion, compared to the consensus revenue estimate of $8.49 billion.

What is Marc Benioff's approval rating as Salesforce's CEO?

1,953 employees have rated Salesforce Chief Executive Officer Marc Benioff on Glassdoor.com. Marc Benioff has an approval rating of 97% among the company's employees. This puts Marc Benioff in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Salesforce own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Salesforce investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Walt Disney (DIS), PayPal (PYPL), Tesla (TSLA), Visa (V), Advanced Micro Devices (AMD), Adobe (ADBE) and Micron Technology (MU).

What is Salesforce's stock symbol?

Salesforce trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRM."

Who are Salesforce's major shareholders?

Salesforce's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (24.51%), Capital World Investors (1.98%), Geode Capital Management LLC (1.83%), Fisher Asset Management LLC (1.43%), Capital Research Global Investors (1.16%) and Northern Trust Corp (1.14%). Insiders that own company stock include Amy E Weaver, Amy E Weaver, Brent Hyder, Bret Steven Taylor, Brian Millham, Gavin Patterson, Joe Allanson, Marc Benioff, Mark J Hawkins, Neelie Kroes, Parker Harris, Shawn R Phillips, Srinivas Tallapragada and Sundeep G Reddy.
View institutional ownership trends
.

How do I buy shares of Salesforce?

Shares of CRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Salesforce's stock price today?

One share of CRM stock can currently be purchased for approximately $208.70.

How much money does Salesforce make?

Salesforce (NYSE:CRM) has a market capitalization of $203.27 billion and generates $31.35 billion in revenue each year. The CRM provider earns $208 million in net income (profit) each year or $0.38 on an earnings per share basis.

How many employees does Salesforce have?

The company employs 79,390 workers across the globe.

Does Salesforce have any subsidiaries?
The following companies are subsidiares of Salesforce: 450 Mission LLC, AKTA, AKTA US LLC, Activa Live, Acumen Solutions, Acumen Solutions Consulting Canada Inc., Acumen Solutions Inc., Acumen Solutions UK Ltd., Atonit, Attic Labs, BeyondCore, BeyondCore LLC, Bonobo AI, Bonobot Technologies (US) Inc., Bonobot Technologies Ltd., Buddy Media, Buddy Media LLC, C Level Club LLC dba The CMO Club, ChoicePass, ClickSoftware, ClickSoftware Australia Pty Ltd, ClickSoftware Brazil Solucoes em Gestao de Forcas de Trabalho Ltda., ClickSoftware Central Europe GmbH, ClickSoftware Europe Limited, ClickSoftware Inc., ClickSoftware India Private Limited, ClickSoftware Professional Services Ltd., ClickSoftware Singapore Pte. Ltd., ClickSoftware Technologies (Pty) Ltd, ClickSoftware Technologies Ltd., Clipboard, Clipboard LLC, Cloud Connect, CloudCraze, CloudCraze Software LLC, Compass Acquisition II Corp., Computable Insights LLC, Coolan, Credential Master Inc., Datorama, Datorama Australia Pty Ltd, Datorama GmbH, Datorama Japan Inc., Datorama Singapore Pte. Ltd., Datorama Technologies Ltd., Datorama UK Ltd., Demandware, Demandware Hong Kong Limited, Demandware LLC, Demandware Securities LLC, Desk.com, Diffeo Inc., DimDim Inc., Dimdim, EdgeSpring, EntropySoft, Etacts, Evergage, Evergage LLC, ExactTarget, ExactTarget AB, ExactTarget Brazil Holding Company LLC, ExactTarget GmbH in liquidation, ExactTarget LLC, ExactTarget Pte. Ltd. (in liquidation), ExactTarget Pty. Ltd., ExactTarget S.A.S., Geocloudio Technologies Private Limited, GoInstant, Griddable, Griddable Inc., GroupSwim, Heroku, Heroku Inc., HeyWire, Heywire Inc., Implisit, Implisit Inc., Implisit Insights Ltd., InStranet, Informavores, Jigsaw, Kabushiki Kaisha salesforce.com, Kerensen Consulting, Kerensen Consulting Israel Ltd., Kieden, Koral Technologies, Krux, Krux Digital LLC, LevelJump, LevelJump Software Corp., Lintao SA, Little Ohana LLC, Manymoon, MapAnything, MapAnything LLC, MetaMind, Metamind Inc., MinHash, Mobify, Mobify (USA) Inc., Mobify Research and Development Inc., Model Metrics, MuleSoft, MuleSoft Germany GmbH in liquidation, MuleSoft Hong Kong Limited, MuleSoft International LLC, MuleSoft LLC, My Salesforce LLC, Narrative Science LLC, Navajo Systems, Optimizer HoldCo S.a.r.l., Optimizer TopCo S.a.r.l., Phennecs, PredictionIO, Prior Knowledge, Quip, Quip LLC, REBEL, Radian6, RebelMail Inc., Relate iq, RelateIQ LLC, Rimeto Inc., Rypple, SFDC 50 Fremont LLC, SFDC Australia Pty. Ltd., SFDC Australia Pty. Ltd. New Zealand Branch, SFDC Austria GmbH, SFDC Columbia S.A.S, SFDC EMEA Data Centre Limited, SFDC France Data Centre Sárl, SFDC Germany Data Centre GmbH, SFDC Holding Co., SFDC International Holdings B.V., SFDC Ireland Limited, SFDC Mexico S. de R.L. de C.V., SFDC Netherlands B.V., SFDC Netherlands B.V. Belgium Branch, SFDC Norway AS, SFDC Portugal Unipessoal LDA, SFDC South Africa (Pty) Limited, SFDC Sweden AB, SFDC Sweden AB Suomen sivuliike, SFDC Worldwide Holdings Inc., Salesforce Argentina S.R.L., Salesforce Communications LLC, Salesforce Development LLC, Salesforce Foundation, Salesforce GFO Sarl, Salesforce Holdings LLC, Salesforce Maps, Salesforce Radian6, Salesforce Technologies Morocco, Salesforce Tecnologia Ltda., Salesforce UK Limited, Salesforce Ventures LLC, Salesforce Worldwide Holdings Limited, Salesforce.com (Thailand) Co. Ltd., Salesforce.com Danmark filial af SFDC Sweden AB, Salesforce.com India Private Limited Gurgaon Branch, Salesforce.com Korea Limited, Salesforce.org EMEA Limited, Salesforce.org Germany GmbH, Sendia, Sequence, Sitemasher, Slack, Slack Australia Pty LTD, Slack Fund LLC, Slack Netherlands B.V., Slack Sweden AB, Slack Technologies India LLP, Slack Technologies Korea LLC, Slack Technologies LLC, Slack Technologies Limited, Slack UK Limited, SteelBrick, Stypi, Tableau (China) Co. Ltd., Tableau (China) Co. Ltd. Beijing Branch, Tableau (China) Co. Ltd. Guangzhou Branch, Tableau Asia Pacific Pte. Ltd., Tableau Australia Pty. Ltd., Tableau Canada Co., Tableau Federal Inc., Tableau Hong Kong Company Limited, Tableau International LLC, Tableau International Unlimited Company, Tableau Software, Tableau Software India Pvt. Ltd., Tableau Software LLC, Tableau Software UK Ltd., Tempo AI, The CMO Club, Thinkfuse, Tomax India Software Private Limited, Tomax LLC, Toopher, Twin Prime, Twin Prime Inc., Vlocity, Vlocity AR SRL, Vlocity Aplicativos em Nuvem Brasil Ltda., Vlocity Cloud Applications India Private Limited, Vlocity Cloud Applications Mexico S. de R.L. de C.V., Vlocity Cloud Applications Spain SLU, Vlocity Cloud Computing Israel Ltd., Vlocity Germany GmbH, Vlocity LLC, Vlocity Singapore Pte. Ltd. (in liquidation), Vlocity UK Limited, Work.com, YOUR SL, Zorap, gravitytank, roundCorner LLC, salesforce Systems Spain S.L., salesforce.com Canada Corporation, salesforce.com France S.A.S., salesforce.com Germany GmbH, salesforce.com Hong Kong Limited, salesforce.com India Private Limited, salesforce.com India Private Limited Bengaluru Branch, salesforce.com India Private Limited Hyderabad Branch, salesforce.com India Private Limited Mumbai Branch, salesforce.com Information Technology (Shanghai) Co. Ltd., salesforce.com Information Technology (Shanghai) Co. Ltd. Beijing Branch, salesforce.com Israel Ltd., salesforce.com Italy S.r.l., salesforce.com LLC, salesforce.com Singapore Pte. Ltd., salesforce.com Taiwan Limited, salesforce.com sarl, and salesforce.org LLC.
Read More
How can I contact Salesforce?

Salesforce's mailing address is 415 MISSION STREET, SAN FRANCISCO CA, 94105. The official website for the company is www.salesforce.com. The CRM provider can be reached via phone at (415) 901-7000, via email at investor@salesforce.com, or via fax at 415-901-7040.

This page (NYSE:CRM) was last updated on 8/14/2023 by MarketBeat.com Staff

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