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 $260.00, up 3.22% from the previous day, and has increased 76.87% in one year. It has overperformed other stocks in the Software - Application industry by 0.56 percentage points. Salesforce stock is currently +105.79% from its 52-week low of $126.34, and -1.3% from its 52-week high of $263.43.
As of Dec 1, 2023, there are 968M CRM shares outstanding. The market capitalization of CRM is $251.68B. In the last 24 hours, 14.53M CRM shares were traded.
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After you have selected the best place to buy Salesforce stock, it's important to evaluate their stock prior to buying, so you can comprehend the risk as well as the upside.
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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 research on CRM's stock here.
Out of 29 Wall Street analysts who research CRM, the consensus analyst rating on Salesforce is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Mark Murphy, a top 7% analyst from JP Morgan maintains CRM with a strong buy rating and raises their CRM price target from $240.00 to $260.00, on Nov 30, 2023.
Patrick Walravens, a top 26% analyst from JMP Securities maintains CRM with a buy rating and raises their CRM price target from $275.00 to $293.00, on Nov 30, 2023.
Gregg Moskowitz, a top 5% analyst from Mizuho maintains CRM with a strong buy rating and raises their CRM price target from $255.00 to $280.00, on Nov 30, 2023.
Brian Schwartz, a top 7% analyst from Oppenheimer maintains CRM with a buy rating and raises their CRM price target from $250.00 to $275.00, on Nov 30, 2023.
Keith Bachman, a top 2% analyst from BMO Capital maintains CRM with a buy rating and raises their CRM price target from $252.00 to $277.00, on Nov 30, 2023.
BMO Capital's Keith Bachman raised their price target on Salesforce (NYSE: CRM) by 9.9% from $252 to $277 on 2023/11/30. The analyst maintained their Buy rating on the stock.
The company's Q3 results were "solid," particularly on cRPO and cash flow, thanks to increasing traction from its Data Cloud business, "with customers being in six of the top ten deals this quarter," Bachman reported after assessing Salesforce's Q3 2023 earnings, released on 2023/11/29.
Following the report release, BMO Capital upped its FY 2024 EPS and FY 2025 estimates to $8.70 and $10.34, from $7.95 and $9.82, respectively, the analyst added.
For Q3 2024, Salesforce reported:
For Q4 2024:
For FY 2024:
Chair & CEO Marc Benioff commented: “We had another strong quarter of executing on our profitable growth plan we set in motion last year, delivering $8.7 billion in revenue and again raising our operating margin guidance for this fiscal year.
“We're now the third largest enterprise software company by revenue, the number one AI CRM, and the number one enterprise apps company.
"Most importantly, we're bringing CRM, data, AI and trust together in a single, integrated platform, leading our customers into a new era of incredible productivity and growth.”
President & CFO Amy Weaver added: “Over the last year we have transformed the company, enabling us to deliver another quarter of strong profitable growth with a GAAP operating margin of 17.2% and non-GAAP operating margin of 31.2%.
“We remain focused on driving shareholder value as we deliver innovation to our customers as the #1 AI CRM.”
You can dive deeper into what analysts are saying on the Salesforce stock forecast page.
Last year, CRM earnings were $2.59B. Over the last five year, CRM's earnings have gone up by 15.57% per year. This was slower than the Software - Application industry average of 25.37%.
Last year, CRM revenue was $33.95B. Over the past five year, CRM's revenue has grown by 22.04% per year. This was slower than the Software - Application industry average of 32.28%.
Dig into CRM's earnings and revenue performance here.
Over 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 $273,085.20 worth of CRM stock on Nov 30, 2023.
Learn more about who owns CRM shares here.
No, Salesforce doesn't provide an income stream by paying out dividends.
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