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Biden to sign massive climate and health care legislation
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US futures turn around on strong performance from retailers
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)

Salesforce - CRM Stock Forecast, Price & News

$189.59
-1.47 (-0.77%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$186.36
$190.85
50-Day Range
$159.85
$191.27
52-Week Range
$154.55
$311.75
Volume
3.82 million shs
Average Volume
7.21 million shs
Market Capitalization
$188.64 billion
P/E Ratio
184.07
Dividend Yield
N/A
Price Target
$266.97

Salesforce MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
40.8% Upside
$266.97 Price Target
Short Interest
Healthy
1.29% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.23mentions of Salesforce in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$13.91 M Sold Last Quarter
Proj. Earnings Growth
34.40%
From $2.18 to $2.93 Per Share

Overall MarketRank

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

2.95 out of 5 stars

Computer And Technology Sector

52nd out of 664 stocks

Prepackaged Software Industry

12th out of 231 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.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on Salesforce from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, June 1st. Piper Sandler decreased their target price on Salesforce from $250.00 to $220.00 and set an "overweight" rating on the stock in a research note on Monday, July 18th. Guggenheim initiated coverage on Salesforce in a research report on Friday. They issued a "sell" rating and a $150.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Salesforce from $300.00 to $260.00 in a research report on Wednesday, June 1st. Finally, Cowen reduced their target price on shares of Salesforce from $285.00 to $225.00 in a report on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $267.50.

Salesforce Price Performance

Shares of NYSE:CRM opened at $191.06 on Tuesday. Salesforce has a 12 month low of $154.55 and a 12 month high of $311.75. The firm has a market capitalization of $190.10 billion, a price-to-earnings ratio of 185.50, a price-to-earnings-growth ratio of 5.21 and a beta of 1.08. The business's 50 day simple moving average is $176.53 and its 200-day simple moving average is $187.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.03.

Salesforce (NYSE:CRM - Get Rating) last announced its quarterly earnings results on Tuesday, May 31st. The CRM provider reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Salesforce had a return on equity of 3.92% and a net margin of 3.59%. The business had revenue of $7.41 billion during the quarter, compared to analysts' expectations of $7.38 billion. During the same quarter last year, the business posted $0.74 earnings per share. The business's revenue for the quarter was up 24.3% on a year-over-year basis. As a group, equities analysts forecast that Salesforce will post 2.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,300 shares of the firm's stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $157.52, for a total transaction of $362,296.00. Following the completion of the transaction, the chief executive officer now directly owns 28,926,000 shares of the company's stock, valued at approximately $4,556,423,520. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Salesforce news, insider Parker Harris sold 568 shares of the business's stock in a transaction on Monday, July 25th. The stock was sold at an average price of $177.87, for a total value of $101,030.16. Following the completion of the transaction, the insider now directly owns 93,650 shares in the company, valued at approximately $16,657,525.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,300 shares of the firm's stock in a transaction on Friday, May 20th. The stock was sold at an average price of $157.52, for a total value of $362,296.00. Following the sale, the chief executive officer now owns 28,926,000 shares in the company, valued at approximately $4,556,423,520. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,749 shares of company stock worth $13,470,994. Insiders own 3.60% of the company's stock.

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CRM Stock News Headlines

Salesforce Stock is a Resilient Best-of Breed CRM Play
Customer relationship management software giant Salesforce (NASDAQ: CRM) shares fallen (-31%) in 2022. Salesforce is the largest enterprise customer relationship software (CRM) company in the world through acquisitions including Slack, Mulesoft, and Tableau.
Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff Sells 2,300 Shares
Salesforce (NYSE:CRM) Now Covered by Guggenheim
Expert Ratings for Salesforce - Benzinga
Analysts Set Salesforce, Inc. (NYSE:CRM) PT at $270.51
Critical Review: nCino (NASDAQ:NCNO) and Salesforce (NYSE:CRM)
See More Headlines
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CRM Company Calendar

Last Earnings
5/31/2022
Today
8/16/2022
Next Earnings (Confirmed)
8/24/2022
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
$266.97
High Stock Price Forecast
$375.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+40.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
39 Analysts

Profitability

Net Income
$1.44 billion
Pretax Margin
3.22%

Debt

Sales & Book Value

Annual Sales
$26.49 billion
Cash Flow
$7.21 per share
Book Value
$59.02 per share

Miscellaneous

Free Float
959,180,000
Market Cap
$188.64 billion
Optionable
Optionable
Beta
1.08

Social Links















CRM Stock - Frequently Asked Questions

Should I buy or sell Salesforce stock right now?

39 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Salesforce in the last twelve months. There are currently 1 sell rating, 3 hold ratings, 34 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?

39 Wall Street research analysts have issued 12 month price objectives for Salesforce's shares. Their CRM share price forecasts range from $150.00 to $375.00. On average, they expect the company's share price to reach $266.97 in the next year. This suggests a possible upside of 40.8% 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 shares have decreased by 25.4% and is now trading at $189.59.
View the best growth stocks for 2022 here
.

Are investors shorting Salesforce?

Salesforce saw a increase in short interest in July. As of July 31st, there was short interest totaling 12,870,000 shares, an increase of 13.2% from the July 15th total of 11,370,000 shares. Based on an average daily volume of 7,280,000 shares, the days-to-cover ratio is presently 1.8 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 Wednesday, August 24th 2022.
View our CRM earnings forecast
.

How can I listen to Salesforce's earnings call?

Salesforce will be holding an earnings conference call on Wednesday, August 24th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Salesforce's earnings last quarter?

Salesforce, Inc. (NYSE:CRM) issued its quarterly earnings results on Tuesday, May, 31st. The CRM provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The CRM provider earned $7.41 billion during the quarter, compared to the consensus estimate of $7.38 billion. Salesforce had a net margin of 3.59% and a trailing twelve-month return on equity of 3.92%. The company's revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share.
Read the conference call transcript
.

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

Salesforce updated its FY 2023 earnings guidance on Tuesday, June, 28th. The company provided EPS guidance of $4.74-$4.76 for the period, compared to the consensus earnings per share estimate of $4.65. The company issued revenue guidance of $31.70 billion-$31.80 billion, compared to the consensus revenue estimate of $32.06 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 institutional and retail investors. Top institutional investors include FMR LLC (4.92%), Price T Rowe Associates Inc. MD (4.69%), State Street Corp (4.45%), Jennison Associates LLC (1.35%), Northern Trust Corp (1.18%) and Loomis Sayles & Co. L P (0.98%). Insiders that own company stock include Alan G Hassenfeld, Alexandre Dayon, Amy E Weaver, Amy E Weaver, Brent Hyder, Bret Steven Taylor, Craig Conway, Gavin Patterson, Joe Allanson, John Victor Roos, Keith Block, Marc Benioff, Mark J Hawkins, Neelie Kroes, 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 $189.59.

How much money does Salesforce make?

Salesforce (NYSE:CRM) has a market capitalization of $188.64 billion and generates $26.49 billion in revenue each year. The CRM provider earns $1.44 billion in net income (profit) each year or $1.03 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 Professional Services 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, 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. Beijing Branch, Tableau (China) Co. Ltd. Guangzhou Branch, 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, 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
When was Salesforce founded?

Salesforce was founded in 1999.

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 8/17/2022 by MarketBeat.com Staff

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