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MU   53.96 (+4.33%)
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GE   67.54 (+6.19%)
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NFLX   240.74 (+0.71%)
QQQ   282.13 (+3.14%)
AAPL   146.10 (+2.56%)
MSFT   248.88 (+3.38%)
META   140.28 (+1.20%)
GOOGL   101.64 (+3.04%)
AMZN   121.09 (+4.50%)
TSLA   249.44 (+2.90%)
NVDA   131.67 (+5.23%)
NIO   16.73 (+8.01%)
BABA   84.11 (+4.55%)
AMD   67.90 (+2.71%)
T   16.09 (+1.19%)
MU   53.96 (+4.33%)
CGC   3.14 (+7.90%)
F   12.36 (+7.76%)
GE   67.54 (+6.19%)
DIS   101.44 (+4.44%)
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PYPL   92.79 (+6.43%)
PFE   44.46 (+0.72%)
NFLX   240.74 (+0.71%)
QQQ   282.13 (+3.14%)
AAPL   146.10 (+2.56%)
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GOOGL   101.64 (+3.04%)
AMZN   121.09 (+4.50%)
TSLA   249.44 (+2.90%)
NVDA   131.67 (+5.23%)
NIO   16.73 (+8.01%)
BABA   84.11 (+4.55%)
AMD   67.90 (+2.71%)
T   16.09 (+1.19%)
MU   53.96 (+4.33%)
CGC   3.14 (+7.90%)
F   12.36 (+7.76%)
GE   67.54 (+6.19%)
DIS   101.44 (+4.44%)
AMC   7.83 (+13.81%)
PYPL   92.79 (+6.43%)
PFE   44.46 (+0.72%)
NFLX   240.74 (+0.71%)

Salesforce - CRM Stock Forecast, Price & News

$155.73
+7.83 (+5.29%)
(As of 10/4/2022 12:00 AM ET)
Add
Compare
Today's Range
$151.22
$157.42
50-Day Range
$143.84
$191.27
52-Week Range
$143.75
$311.75
Volume
7.96 million shs
Average Volume
7.30 million shs
Market Capitalization
$155.73 billion
P/E Ratio
288.39
Dividend Yield
N/A
Price Target
$236.84

Salesforce MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
52.1% Upside
$236.84 Price Target
Short Interest
Healthy
1.33% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.21mentions of Salesforce in the last 14 days
Based on 42 Articles This Week
Insider Trading
Selling Shares
$13.26 M Sold Last Quarter
Proj. Earnings Growth
27.73%
From $2.20 to $2.81 Per Share

Overall MarketRank

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

2.84 out of 5 stars

Computer And Technology Sector

129th out of 648 stocks

Prepackaged Software Industry

24th out of 226 stocks

CRM stock logo

About Salesforce (NYSE:CRM) Stock

Salesforce, Inc. provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale. Its service offerings also comprise flexible platform that enables companies of various sizes, locations, and industries to build business apps to bring them closer to their customers with drag-and-drop tools; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, a system of engagement. In addition, the company's service offerings include Marketing offering that enables companies to plan, personalize, and optimize one-to-one customer marketing journeys; and Commerce offering, which empowers brands to unify the customer experience across mobile, web, social, and store commerce points. Further, its service offerings comprise Tableau, an end-to-end analytics solution serving various enterprise use cases; and MuleSoft, an integration offering that allows its customers to unlock data across their enterprise. The company provides its service offering for customers in financial services, healthcare and life sciences, manufacturing, and other industries. It also offers professional services; and in-person and online courses to certify its customers and partners on architecting, administering, deploying, and developing its service offerings. The company provides its services through direct sales; and consulting firms, systems integrators, and other partners. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.

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CRM Stock News Headlines

Here’s What a Strong US Dollar Means for Your Stocks (CRM)
The headlines pointing out the strong U.S. dollar is becoming commonplace these days. A strong U.S. dollar may be good for U.S. citizens buying foreign
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains? (CRM)
Cloud monitoring specialist Datadog has been the subject of analyst enthusiasm recently, and Wall Street sees an upside potential of 67%.
Oracle’s Short-Term Pain Could Be Your Long-Term Gain (CRM)
Database and cloud solutions provider Oracle (NASDAQ: ORCL) stock got smoked on its fiscal Q1 2023 earnings report. Shares were holding up relatively
Adobe Perfects the Art of the Faceplant for Investors (CRM)
Riddle me this, how do you shock investors into a two-day selling frenzy vaporizing (-20%) off your share price and (-30%) off your market cap
The Two Things You Need To Know About Oracle’s FQ1 Report (CRM)
Oracle's CQ3 report reveals two things about the market that investors need to know before the Q3 reporting season hits its peak.
3 Downgraded Must-Have Stocks To Put On Your Watchlist (CRM)
These must-have names for long-term investors are on sale now but may move higher as the q3 earnings reporting season gets underway.
Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff Sells 2,300 Shares
See More Headlines
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CRM Company Calendar

Last Earnings
8/24/2022
Today
10/04/2022
Next Earnings (Estimated)
11/29/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
CUSIP
79466L30
Employees
73,541
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$236.84
High Stock Price Forecast
$375.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+52.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
34 Analysts

Profitability

Net Income
$1.44 billion
Pretax Margin
0.87%

Debt

Sales & Book Value

Annual Sales
$26.49 billion
Cash Flow
$7.81 per share
Book Value
$59.02 per share

Miscellaneous

Outstanding Shares
1,000,000,000
Free Float
964,000,000
Market Cap
$155.73 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • Mr. Marc R. BenioffMr. Marc R. Benioff (Age 57)
    Co-Founder, Chairman & Co-CEO
    Comp: $6.1M
  • Mr. Bret Steven TaylorMr. Bret Steven Taylor (Age 42)
    Vice Chair & Co-CEO
    Comp: $2.79M
  • Ms. Amy E. WeaverMs. Amy E. Weaver (Age 54)
    Pres & CFO
    Comp: $2.04M
  • Mr. Srinivas TallapragadaMr. Srinivas Tallapragada (Age 52)
    Pres & Chief Engineering Officer
    Comp: $2.01M
  • Mr. Gavin E. PattersonMr. Gavin E. Patterson (Age 54)
    Pres & Chief Strategy Officer
    Comp: $2.13M
  • Mr. Parker HarrisMr. Parker Harris (Age 55)
    Co-Founder, CTO & Director
    Comp: $2M
  • Ms. Robin L. Washington (Age 59)
    Strategic Adviser & Independent Director
    Comp: $40k
  • Mr. Brian Millham (Age 53)
    Pres & COO
  • Mr. Brent HyderMr. Brent Hyder (Age 57)
    Pres & Chief People Officer
  • Mr. David Schmaier
    Pres & Chief Product Officer













CRM Stock - Frequently Asked Questions

Should I buy or sell Salesforce stock right now?

34 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Salesforce in the last year. There are currently 4 hold ratings, 29 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRM shares.
View CRM analyst ratings
or view top-rated stocks.

What is Salesforce's stock price forecast for 2022?

34 analysts have issued 12 month target prices for Salesforce's shares. Their CRM share price forecasts range from $150.00 to $375.00. On average, they anticipate the company's share price to reach $236.84 in the next year. This suggests a possible upside of 54.6% from the stock's current price.
View analysts price targets for CRM
or view top-rated stocks among Wall Street analysts.

How have CRM shares performed in 2022?

Salesforce's stock was trading at $254.13 at the start of the year. Since then, CRM stock has decreased by 39.7% and is now trading at $153.20.
View the best growth stocks for 2022 here
.

Are investors shorting Salesforce?

Salesforce saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 13,290,000 shares, an increase of 10.6% from the August 31st total of 12,020,000 shares. Based on an average daily volume of 6,150,000 shares, the short-interest ratio is presently 2.2 days.
View Salesforce's Short Interest
.

When is Salesforce's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 29th 2022.
View our CRM earnings forecast
.

How were Salesforce's earnings last quarter?

Salesforce, Inc. (NYSE:CRM) issued its earnings results on Wednesday, August, 24th. The CRM provider reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.15. The CRM provider earned $7.72 billion during the quarter, compared to the consensus estimate of $7.70 billion. Salesforce had a net margin of 1.83% and a trailing twelve-month return on equity of 3.32%. Salesforce's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share.
Read the conference call transcript
.

How will Salesforce's stock buyback program work?

Salesforce declared that its board has authorized a stock repurchase plan on Wednesday, August 24th 2022, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

What guidance has Salesforce issued on next quarter's earnings?

Salesforce issued an update on its FY 2023 earnings guidance on Tuesday, October, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $31.00 billion-$31.00 billion, compared to the consensus revenue estimate of $31.00 billion.

What is Marc Benioff's approval rating as Salesforce's CEO?

1,953 employees have rated Salesforce Chief Executive Officer Marc Benioff on Glassdoor.com. Marc Benioff has an approval rating of 97% among the company's employees. This puts Marc Benioff in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Salesforce own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Salesforce investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Walt Disney (DIS), PayPal (PYPL), Tesla (TSLA), Visa (V), Advanced Micro Devices (AMD), Adobe (ADBE) and Micron Technology (MU).

What is Salesforce's stock symbol?

Salesforce trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRM."

Who are Salesforce's major shareholders?

Salesforce's stock is owned by many different retail and institutional investors. Top institutional shareholders include Thomasville National Bank (0.01%), Wedmont Private Capital (0.00%), Park National Corp OH (0.00%), Symmetry Partners LLC (0.00%) and M&R Capital Management Inc. (0.00%). Insiders that own company stock include Alan G Hassenfeld, Alexandre Dayon, Amy E Weaver, Amy E Weaver, Brent Hyder, Bret Steven Taylor, Brian Millham, Craig Conway, Gavin Patterson, Joe Allanson, John Victor Roos, Keith Block, Marc Benioff, Mark J Hawkins, Parker Harris, Sanford Robertson, Shawn R Phillips, Srinivas Tallapragada and Susan Wojcicki.
View institutional ownership trends
.

How do I buy shares of Salesforce?

Shares of CRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Salesforce's stock price today?

One share of CRM stock can currently be purchased for approximately $153.20.

How much money does Salesforce make?

Salesforce (NYSE:CRM) has a market capitalization of $153.20 billion and generates $26.49 billion in revenue each year. The CRM provider earns $1.44 billion in net income (profit) each year or $0.54 on an earnings per share basis.

How many employees does Salesforce have?

The company employs 73,541 workers across the globe.

Does Salesforce have any subsidiaries?
The following companies are subsidiares of Salesforce: 450 Mission LLC, AKTA, AKTA US LLC, Activa Live, Acumen Solutions, Acumen Solutions Consulting Canada Inc., Acumen Solutions Inc., Acumen Solutions UK Ltd., Atonit, Attic Labs, BeyondCore, BeyondCore LLC, Bonobo AI, Bonobot Technologies (US) Inc., Bonobot Technologies Ltd., Buddy Media, Buddy Media LLC, C Level Club LLC dba The CMO Club, ChoicePass, ClickSoftware, ClickSoftware Australia Pty Ltd, ClickSoftware Brazil Solucoes em Gestao de Forcas de Trabalho Ltda., ClickSoftware Central Europe GmbH, ClickSoftware Europe Limited, ClickSoftware Inc., ClickSoftware India Private Limited, ClickSoftware Professional Services Ltd., ClickSoftware Singapore Pte. Ltd., ClickSoftware Technologies (Pty) Ltd, ClickSoftware Technologies Ltd., Clipboard, Clipboard LLC, Cloud Connect, CloudCraze, CloudCraze Software LLC, Compass Acquisition II Corp., Computable Insights LLC, Coolan, Credential Master Inc., Datorama, Datorama Australia Pty Ltd, Datorama GmbH, Datorama Japan Inc., Datorama Singapore Pte. Ltd., Datorama Technologies Ltd., Datorama UK Ltd., Demandware, Demandware Hong Kong Limited, Demandware LLC, Demandware Securities LLC, Desk.com, Diffeo Inc., DimDim Inc., Dimdim, EdgeSpring, EntropySoft, Etacts, Evergage, Evergage LLC, ExactTarget, ExactTarget AB, ExactTarget Brazil Holding Company LLC, ExactTarget GmbH in liquidation, ExactTarget LLC, ExactTarget Pte. Ltd. (in liquidation), ExactTarget Pty. Ltd., ExactTarget S.A.S., Geocloudio Technologies Private Limited, GoInstant, Griddable, Griddable Inc., GroupSwim, Heroku, Heroku Inc., HeyWire, Heywire Inc., Implisit, Implisit Inc., Implisit Insights Ltd., InStranet, Informavores, Jigsaw, Kabushiki Kaisha salesforce.com, Kerensen Consulting, Kerensen Consulting Israel Ltd., Kieden, Koral Technologies, Krux, Krux Digital LLC, LevelJump, LevelJump Software Corp., Lintao SA, Little Ohana LLC, Manymoon, MapAnything, MapAnything LLC, MetaMind, Metamind Inc., MinHash, Mobify, Mobify (USA) Inc., Mobify Research and Development Inc., Model Metrics, MuleSoft, MuleSoft Germany GmbH in liquidation, MuleSoft Hong Kong Limited, MuleSoft International LLC, MuleSoft LLC, My Salesforce LLC, Narrative Science LLC, Navajo Systems, Optimizer HoldCo S.a.r.l., Optimizer TopCo S.a.r.l., Phennecs, PredictionIO, Prior Knowledge, Quip, Quip LLC, REBEL, Radian6, RebelMail Inc., Relate iq, RelateIQ LLC, Rimeto Inc., Rypple, SFDC 50 Fremont LLC, SFDC Australia Pty. Ltd., SFDC Australia Pty. Ltd. New Zealand Branch, SFDC Austria GmbH, SFDC Columbia S.A.S, SFDC EMEA Data Centre Limited, SFDC France Data Centre Sárl, SFDC Germany Data Centre GmbH, SFDC Holding Co., SFDC International Holdings B.V., SFDC Ireland Limited, SFDC Mexico S. de R.L. de C.V., SFDC Netherlands B.V., SFDC Netherlands B.V. Belgium Branch, SFDC Norway AS, SFDC Portugal Unipessoal LDA, SFDC South Africa (Pty) Limited, SFDC Sweden AB, SFDC Sweden AB Suomen sivuliike, SFDC Worldwide Holdings Inc., Salesforce Argentina S.R.L., Salesforce Communications LLC, Salesforce Development LLC, Salesforce Foundation, Salesforce GFO Sarl, Salesforce Holdings LLC, Salesforce Maps, Salesforce Radian6, Salesforce Technologies Morocco, Salesforce Tecnologia Ltda., Salesforce UK Limited, Salesforce Ventures LLC, Salesforce Worldwide Holdings Limited, Salesforce.com (Thailand) Co. Ltd., Salesforce.com Danmark filial af SFDC Sweden AB, Salesforce.com India Private Limited Gurgaon Branch, Salesforce.com Korea Limited, Salesforce.org EMEA Limited, Salesforce.org Germany GmbH, Sendia, Sequence, Sitemasher, Slack, Slack Australia Pty LTD, Slack Fund LLC, Slack Netherlands B.V., Slack Sweden AB, Slack Technologies India LLP, Slack Technologies Korea LLC, Slack Technologies LLC, Slack Technologies Limited, Slack UK Limited, SteelBrick, Stypi, Tableau (China) Co. Ltd., Tableau (China) Co. Ltd. Beijing Branch, Tableau (China) Co. Ltd. Guangzhou Branch, Tableau Asia Pacific Pte. Ltd., Tableau Australia Pty. Ltd., Tableau Canada Co., Tableau Federal Inc., Tableau Hong Kong Company Limited, Tableau International LLC, Tableau International Unlimited Company, Tableau Software, Tableau Software India Pvt. Ltd., Tableau Software LLC, Tableau Software UK Ltd., Tempo AI, The CMO Club, Thinkfuse, Tomax India Software Private Limited, Tomax LLC, Toopher, Twin Prime, Twin Prime Inc., Vlocity, Vlocity AR SRL, Vlocity Aplicativos em Nuvem Brasil Ltda., Vlocity Cloud Applications India Private Limited, Vlocity Cloud Applications Mexico S. de R.L. de C.V., Vlocity Cloud Applications Spain SLU, Vlocity Cloud Computing Israel Ltd., Vlocity Germany GmbH, Vlocity LLC, Vlocity Singapore Pte. Ltd. (in liquidation), Vlocity UK Limited, Work.com, YOUR SL, Zorap, gravitytank, roundCorner LLC, salesforce Systems Spain S.L., salesforce.com Canada Corporation, salesforce.com France S.A.S., salesforce.com Germany GmbH, salesforce.com Hong Kong Limited, salesforce.com India Private Limited, salesforce.com India Private Limited Bengaluru Branch, salesforce.com India Private Limited Hyderabad Branch, salesforce.com India Private Limited Mumbai Branch, salesforce.com Information Technology (Shanghai) Co. Ltd., salesforce.com Information Technology (Shanghai) Co. Ltd. Beijing Branch, salesforce.com Israel Ltd., salesforce.com Italy S.r.l., salesforce.com LLC, salesforce.com Singapore Pte. Ltd., salesforce.com Taiwan Limited, salesforce.com sarl, and salesforce.org LLC.
Read More
How can I contact Salesforce?

Salesforce's mailing address is 415 MISSION STREET, SAN FRANCISCO CA, 94105. The official website for the company is www.salesforce.com. The CRM provider can be reached via phone at (415) 901-7000, via email at investor@salesforce.com, or via fax at 415-901-7040.

This page (NYSE:CRM) was last updated on 10/4/2022 by MarketBeat.com Staff

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