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.
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You can view all of the due diligence checks on CRM's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge CRM's true value.
Using relative valuations metrics:
You can do more valuation analysis on CRM's stock here.
Out of 31 Wall Street analysts who research CRM, the consensus analyst rating on Salesforce is a Strong Buy
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:
For Q4 2023:
For FY 2023:
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.
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.
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.
No, Salesforce doesn't provide an income stream by paying out dividends.
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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.
To reiterate, here are the 6 steps for buying Salesforce stock:
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