NYSE:CRM

Salesforce - CRM Stock Forecast, Price & News

$165.83

+1.08 (+0.66%)

(As of 01/31/2023 10:28 AM ET)

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Today's Range: $164.28
▼
$166.44
50-Day Range: $128.27
▼
$165.09
52-Week Range: $126.34
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$234.49

Volume: 1.36 million shs
Average Volume: 9.84 million shs
Market Capitalization: $165.83 billion

P/E Ratio: 592.25
Dividend Yield: N/A
Price Target: $190.03

Institutional Ownership

Salesforce MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.66 Rating Score
Upside/Downside: 15.3% Upside
$190.03 Price Target
Short Interest: Healthy
1.13% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.60
Upright™ Environmental Score
News Sentiment: 0.12
Based on 24 Articles This Week
Insider Trading: Selling Shares
$24.71 M Sold Last Quarter
Proj. Earnings Growth: 28.57%
From $2.38 to $3.06 Per Share

Overall MarketRank^™

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

2.48 out of 5 stars

Computer And Technology Sector

138th out of 631 stocks

Prepackaged Software Industry

41st out of 217 stocks

3.3

Analyst's Opinion

Consensus Rating
Salesforce has received a consensus rating of Buy. The company's average rating score is 2.66, and is based on 24 buy ratings, 12 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $190.03, Salesforce has a forecasted upside of 15.3% from its current price of $164.75.
Amount of Analyst Coverage
Salesforce has been the subject of 25 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.13% of the outstanding shares of Salesforce have been sold short.
Short Interest Ratio / Days to Cover
Salesforce has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Salesforce has recently increased by 10.54%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Salesforce does not currently pay a dividend.
Dividend Growth
Salesforce does not have a long track record of dividend growth.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Salesforce has received a 20.84% net impact score from Upright. Salesforce.com seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Project management software", "Software libraries and frameworks", and "Software development tools" products. See details.
Environmental Sustainability
The Environmental Impact score for Salesforce is -0.60.

2.8

News and Social Media Coverage

News Sentiment
Salesforce has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 24 news articles for Salesforce this week, compared to 17 articles on an average week.
Search Interest
423 people have searched for CRM on MarketBeat in the last 30 days. This is an increase of 149% compared to the previous 30 days.
MarketBeat Follows
82 people have added Salesforce to their MarketBeat watchlist in the last 30 days. This is an increase of 21% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Salesforce insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,711,095.00 in company stock.
Percentage Held by Insiders
Only 3.60% of the stock of Salesforce is held by insiders.
Percentage Held by Institutions
75.83% of the stock of Salesforce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Salesforce are expected to grow by 28.57% in the coming year, from $2.38 to $3.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Salesforce is 588.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 126.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Salesforce is 588.39, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 325.33.
Price to Earnings Growth Ratio
Salesforce has a PEG Ratio of 4.13. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Salesforce has a P/B Ratio of 2.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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