Salesforce is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker CRM on the NYSE exchange.
Salesforce stock last closed at $285.61, up 0.33% from the previous day, and has increased 36.41% in one year. It has overperformed other stocks in the Software - Application industry by 0.03 percentage points. Salesforce stock is currently +47.46% from its 52-week low of $193.68, and -10.39% from its 52-week high of $318.72.
As of May 17, 2024, there are 970M CRM shares outstanding. The market capitalization of CRM is $277.04B. In the last 24 hours, 3.47M CRM shares were traded.
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You can view all of the due diligence checks on CRM's stock page.
You can use many financial metrics, analyses, models, and charts to gauge CRM's true value.
Using relative valuations ratios:
You can access additional valuation analysis on CRM's stock here.
Out of 24 Equities analysts who track CRM, the consensus analyst rating on CRM is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Rishi Jaluria, a bottom 4% analyst from RBC Capital reiterates CRM with a buy rating and raises their CRM price target from $325.00 to $350.00, on Apr 12, 2024.
Parker Lane, a bottom 3% analyst from Stifel Nicolaus maintains CRM with a strong buy rating and maintains their CRM price target from $350.00 to $350.00, on Apr 3, 2024.
Tyler Radke, a top 11% analyst from Citigroup maintains CRM with a hold rating and raises their CRM price target from $325.00 to $339.00, on Mar 11, 2024.
Citigroup's Tyler Radke raised their price target on Salesforce (NYSE: CRM) by 4.3% from $325 to $339 on 2024/03/11. The analyst maintained their Hold rating on the stock.
Even though Salesforce's "solid" operational upside and profitability in the quarter were offset by weaker revenue, the analyst told investors that Citigroup slightly increased its outer-year revenue forecast after reviewing the company's Q4 and FY 2024 earnings report, released on 2024/02/28.
Salesforce reported:
For Q4 2024:
For FY 2024:
Management guided:
For Q1 2025:
For FY 2025:
Chair & CEO Marc Benioff commented: “It's been a phenomenal year of transformation for Salesforce with strong performance across all our key metrics, including record cash flow and margin growth.
"Our total remaining performance obligation ended the fourth quarter at $56.9Bn, an increase of 17% Y/Y.
"We’re also thrilled to initiate our first-ever Salesforce dividend and increase our share buyback plan by $10B.
“With our trusted, unified Einstein 1 Platform, we’re incredibly well positioned to build on our success and capitalize on the massive surge in tech spending expected over the coming years, delivering an unprecedented level of intelligence to our customers as AI transforms every company and industry.”
President & CFO Amy Weaver commented: “We had a strong close to our fiscal year and demonstrated significant progress on the profitable growth strategy we announced last year, delivering full-year GAAP operating margin of 14.4% and Non-GAAP operating margin of 30.5%.
“We have had an extraordinary year of transformation and, looking ahead, we remain committed to driving shareholder value.”
David Hynes, a top 11% analyst from Canaccord Genuity maintains CRM with a strong buy rating and maintains their CRM price target from $350.00 to $350.00, on Mar 7, 2024.
Joseph Bonner, a top 19% analyst from Argus Research maintains CRM with a strong buy rating and raises their CRM price target from $290.00 to $354.00, on Mar 6, 2024.
You can dig deeper into what analysts are saying on the Salesforce stock forecast page.
Last year, CRM earnings were $4.14B. Over the last five year, CRM's earnings have increased by 23.49% per year. This was slower than the Software - Application industry average of 37.91%.
Last year, CRM revenue was $34.86B. Over the past 5 year, CRM's revenue has increased by 21.28% per year. This was slower than the Software - Application industry average of 29.59%.
Dig into CRM's earnings and revenue performance here.
In the last year, executives and large shareholders at CRM have sold more shares than they have bought.
Marc Benioff, Chair and CEO of CRM, was the latest CRM insider to sell. They sold $483,517.73 worth of CRM shares on May 16, 2024.
Learn more about who owns CRM shares here.
Salesforce pays a dividend of 0.14%, compared to the Software - Application industry's average dividend yield of 2.38%. If you owned $1,000 worth of CRM stock, you would have been paid $1.40 in the past year.
Dig into more analysis about Salesforce dividend yield and history here.
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