NYSE:CRM

Salesforce - CRM Stock Forecast, Price & News

$144.56

-2.44 (-1.66%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $142.78
▼
$145.21
50-Day Range: $139.77
▼
$165.27
52-Week Range: $136.04
▼
$270.57

Volume: 15.09 million shs
Average Volume: 8.74 million shs
Market Capitalization: $144.56 billion

P/E Ratio: 516.29
Dividend Yield: N/A
Price Target: $200.44

Salesforce MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.84 Rating Score
Upside/Downside: 38.7% Upside
$200.44 Price Target
Short Interest: Healthy
0.94% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.60
Upright™ Environmental Score
News Sentiment: 0.03
Based on 68 Articles This Week
Insider Trading: Selling Shares
$30.88 M Sold Last Quarter
Proj. Earnings Growth: 24.77%
From $2.22 to $2.77 Per Share

Overall MarketRank^™

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

3.00 out of 5 stars

Computer And Technology Sector

31st out of 633 stocks

Prepackaged Software Industry

11th out of 221 stocks

4.4

Analyst's Opinion

Consensus Rating
Salesforce has received a consensus rating of Buy. The company's average rating score is 2.84, and is based on 29 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $200.44, Salesforce has a forecasted upside of 38.7% from its current price of $144.56.
Amount of Analyst Coverage
Salesforce has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.94% 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 decreased by 9.79%, indicating that investor sentiment is improving 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 0.03. 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 0.36 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 68 news articles for Salesforce this week, compared to 18 articles on an average week.
Search Interest
167 people have searched for CRM on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.
MarketBeat Follows
78 people have added Salesforce to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $30,880,808.00 in company stock.
Percentage Held by Insiders
Only 3.60% of the stock of Salesforce is held by insiders.
Percentage Held by Institutions
77.02% 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 24.77% in the coming year, from $2.22 to $2.77 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Salesforce is 516.29, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.00.
Price to Earnings Ratio vs. Sector
The P/E ratio of Salesforce is 516.29, 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 390.10.
Price to Earnings Growth Ratio
Salesforce has a PEG Ratio of 3.96. 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 2.44. 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. 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

November 30, 2022 | marketbeat.com

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November 28, 2022 | marketbeat.com

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November 23, 2022 | marketbeat.com

Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges

Salesforce, climbing out of a rough spot, still may not make the best short-term investment. In the future, it could make a big move.

November 22, 2022 | marketbeat.com

Cisco Systems Hopes Restructuring Cuts Costs to Drive Revenue (CRM)

Cisco Systems has expanded operations and expect revenue to grow but have recently announced a restructuring plan that could help.

November 14, 2022 | marketbeat.com

Take Two Interactive Software Stock is Taking One Step Back (CRM)

Video game developer and publisher Take-Two Interactive Software (NASDAQ: TTWO) stock got pummeled on its recent fiscal Q2 2023 earnings report.

December 3, 2022 | americanbankingnews.com

Salesforce (NYSE:CRM) Rating Lowered to Market Perform at Wolfe Research

December 3, 2022 | americanbankingnews.com

Salesforce (NYSE:CRM) Shares Gap Down After Analyst Downgrade