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NYSE: CRM

How to Buy Salesforce Stock

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Salesforce Inc

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 $133.27, down 0.49% from the previous day, and has decreased 48.49% in one year. It has underperformed other stocks in the Software - Application industry by 0.04 percentage points. Salesforce stock is currently +1.8% from its 52-week low of $130.91, and -50.74% from its 52-week high of $270.57.

As of Dec 6, 2022, there are 1B CRM shares outstanding. The market capitalization of CRM is $133.27B. In the last 24 hours, 16.91M CRM shares were traded.

How to Buy Salesforce Stock

Not sure how to invest in Salesforce stock? Here's how.
  1. Figure out where to buy Salesforce stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Salesforce stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected. It's the best place to buy CRM stock.
  3. Put funds into your investment account: Pick your payment method and add your details.
  4. Evaluate Salesforce stock: The Salesforce ticker symbol is CRM. Is Salesforce stock a good investment? Should you buy shares of CRM? How do CRM's underlying business fundamentals look? Do top analysts think Salesforce is a good buy? Why has CRM's stock price moved recently? (Hint: Our stock analysis website can help you figure out if CRM is a good stock to buy).
  5. Execute your CRM trade: Decide if you will purchase CRM shares at the current market price or use a limit order to purchase CRM shares at a given price.
  6. Get the latest scoop on your investment in CRM: Create a watchlist to important notifications about your investment in Salesforce stock.

Step 1: Figure out where to buy Salesforce stock

You need a brokerage account to access the NYSE market and buy CRM shares.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked the best brokerage, the next step is to fill out some personal details so you can invest in CRM stock today.

How to Set Up a New Account on eToro

  1. Click here to get started.
  2. Enter your personal info to start a new trading account.
  1. Submit your application by clicking the "Create Account" button.
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Step 3: Put funds into your investment account

Watch this video walkthrough for more details depositing money into your new brokerage account.

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Step 4: Evaluate Salesforce stock

It's crucial to evaluate stocks prior to buying, so you can comprehend the risk as well as the upside.

Salesforce Numbers

CRM Price
$133.27
1w %
-12.14%
1y %
-48.49%
5y %
29.49%
P/E
512.58x
P/B
2.25x
P/S
4.39x
PEG
3.51x
Revenue
$30.29B
Earnings
$278.00M
Fore. Rev. Growth
11.64%
Fore. Earn. Growth
146.15%
Market Cap
$133.27B
Next Earnings
N/A
Next Dividend
N/A

Fundamentals of Salesforce

WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on CRM's stock page.

Is CRM stock undervalued?

Analysts use many financial metrics, analyses, models, and charts to gauge CRM's true value.

Using relative valuations metrics:

  • CRM may be overvalued based on its P/E ratio of 512.58x, relative to Software - Application industry P/E ratio of 12.83x
  • CRM may be undervalued based on its P/B ratio of 2.25x, relative to Software - Application industry P/B ratio of 4.4x
  • CRM could be overvalued based on its PEG ratio of 3.51x

You can do more valuation analysis on CRM's stock here.

CRM Financial Health

Positive Financial Indicators:

  • Total CRM debt is lower than 5 years ago, relative to shareholder equity.
  • CRM earnings of $430.00M is not sufficient to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the CRM balance sheet.
  • There are more short-term assets than short-term liabilities on the CRM balance sheet.
  • CRM's operating cash flow of $6.31B allows it to safely service it's debt of $14.00B.

Negative Financial Indicators:

  • CRM profit margin has gone down from 7% to 0.9% in the past year.
  • CRM has a relatively high debt to equity ratio of 0.55.

Is it a good time to buy Salesforce stock?

Out of 31 Wall Street analysts who research CRM, the consensus analyst rating on Salesforce is a Strong Buy

Should I buy or sell CRM stock?

Based on 31 analysts offering ratings for Salesforce Inc.
Strong Buy
Strong Buy
17 analysts 54.84%
Buy
7 analysts 22.58%
Hold
7 analysts 22.58%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Latest CRM Analyst Upgrades/Downgrades

Phil Winslow, a bottom 7% analyst from Credit Suisse maintains CRM with a buy rating and lowers their CRM price target from $250.00 to $225.00, on Dec 5, 2022.

Tyler Radke, a bottom 5% analyst from Citigroup maintains CRM with a hold rating and lowers their CRM price target from $170.00 to $164.00, on Dec 5, 2022.

Radke lowered his price target on Salesforce, Inc. by 3.5% following the release of the company's Q3 2023 earnings report on 2022/11/30.

"A continuation of weakening front-office demand trends is driving growth towards single digits," the analyst told investors.

Salesforce is losing a key partner, Veeva, which is leaving the company's customer relationship management (CRM) platform for its own software beginning in 2025, Radke reported.

Further, in addition to the co-CEO's departure, Salesforce announced that Slack founder and CEO Stewart Butterfield is leaving the company in 2023/01. (From here, Salesforce acquired Slack on 2021/07/21.)

These events "have created incremental uncertainty" post the Q3 print, particularly given management's lack of FY 2024 guidance, the analyst noted.

On 2022/12/05, Salesforce shares were trading at $133.93, representing a 7.4% decline from 2022/12/02's close at $144.56.

For Q3 2023, Salesforce reported:

  • EPS of $1.40, which beat the Zacks Consensus Estimate of $1.21, and, by 10%, Q3 2022’s $1.27.
  • Revenue of $7.84B, which beat Zacks Consensus Estimate of $7.81B, and, by 14.79%, Q3 2022’s $6.83B.
  • Operating cash flow of $310M.
  • Free cash flow of $120M.

Management guided:

For Q4 2023:

  • EPS of $1.35 to $1.37.
  • Revenue of $7.93B to $8.03B (8% to 10% Y/Y growth).
  • FX impact of $(250M).

For FY 2023:

  • EPS of $4.92 to $4.94.
  • Revenue of $30.9B to $31B (17% Y/Y growth).
  • FX Impact of $(900M).
  • Operating margin of 20.7%.
  • Operating Cash Flow Growth Y/Y of 16%.

Co-CEO Marc Benioff commented, “We had a solid quarter with revenue of $7.84B, up 14% Y/Y or 19% in constant currency, and record operating margin. We’re grateful to our customers for their commitment, especially as we help them succeed in this challenging environment.”

Co-CEO Bret Taylor commented, “We continued to drive profitable growth in the quarter, and we are closing more transformational deals and multi-cloud expansions.”

Alex Zukin, a top 3% analyst from Wolfe Research downgrades CRM to a hold rating, on Dec 2, 2022.

Michael Turits, a bottom 5% analyst from KeyBanc maintains CRM with a strong buy rating and lowers their CRM price target from $200.00 to $191.00, on Dec 2, 2022.

Brent Thill, a top 9% analyst from Jefferies maintains CRM with a strong buy rating and lowers their CRM price target from $240.00 to $230.00, on Dec 1, 2022.

You can dive deeper into what analysts are projecting on the Salesforce stock forecast page.

Metrics for Advanced CRM Traders

SMA10
147.92
SMA20
150.04
SMA50
151.16
SMA100
161.23
SMA200
172.78
MACD
-3.25
MACD Signal
-1.33
MACD Histogram
-1.92
RSI
36.05
Stochastic %K
7.28
Stochastic %D
18.51
StochRSI %K
1.72
StochRSI %D
16.15

CRM Revenue

Last year, CRM earnings were $278.00M. Over the last five year, CRM's earnings have increased by -5.22% per year. This was slower than the Software - Application industry average of 26.57%.

Last year, CRM revenue was $30.29B. Over the past 5 year, CRM's revenue has increased by 24.78% per year. This was slower than the Software - Application industry average of 33.91%.

You can analyze CRM's earnings and revenue performance here.

Latest Insiders Trades at CRM

Over the last year, insiders at CRM have sold more shares than they have bought.

Neelie Kroes, Director of CRM, was the latest CRM insider to sell. They sold $18,954.75 worth of CRM stock on Nov 22, 2022.

Dig into more about who owns CRM shares here.

Can I rely on CRM as an income stream?

No, Salesforce doesn't provide an income stream by paying out dividends.

CRM Social Trading Data

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Execute your CRM trade

You have two main order types:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given price limit, use a limit order.

Press the Open Trade button and eToro will execute the order.

If you require additional help with buying stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Get the latest scoop on your investment in CRM

Now that you own some CRM shares, you'll want to keep up with your new company.

Put CRM on a watchlist to track the most important metrics related to your CRM stock.

CRM Feed

How to Buy Stock in Salesforce

To reiterate, here are the 6 steps for buying Salesforce stock:

  1. Figure out where to buy Salesforce stock
  2. Sign up for your brokerage account
  3. Put funds into your investment account
  4. Evaluate Salesforce stock
  5. Execute your CRM trade
  6. Get the latest scoop on your investment in CRM

If you need a brokerage, eToro is our recommended venue.

Get Started with eToro Today

If you want to get notifications regarding your new investment in Salesforce, click the button below.

NYSE: CRM
$133.27-0.66 (-0.49%)
Updated Dec 6, 2022
Open eToro Account
NYSE: CRM
$133.27-0.66 (-0.49%)
Updated Dec 6, 2022
Open eToro Account

FAQ

How much does it cost to buy one Salesforce share?

As of Dec 6, 2022, it costs $133.27 to buy one share of Salesforce stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.075 shares of CRM.

Get Started with eToro Today

Is now a good time to buy Salesforce stock?

According to 31 Wall Street analysts who monitor Salesforce, their consensus recommendation is to buy Salesforce stock.

What is the best way to buy Salesforce stock?

The best way to buy Salesforce stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.