Should I buy or sell Salesforce stock right now?

37 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Salesforce in the last twelve months. There are currently 9 hold ratings, 27 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CRM shares. View CRM analyst ratings or view top-rated stocks .

What is Salesforce's stock price target for 2024?

37 analysts have issued 1 year price objectives for Salesforce's shares. Their CRM share price targets range from $153.00 to $350.00. On average, they predict the company's stock price to reach $262.64 in the next twelve months. This suggests that the stock has a possible downside of 10.0%. View analysts price targets for CRM or view top-rated stocks among Wall Street analysts .

How have CRM shares performed in 2024?

Salesforce's stock was trading at $263.14 at the start of the year. Since then, CRM shares have increased by 11.0% and is now trading at $291.98. View the best growth stocks for 2024 here .

When is Salesforce's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our CRM earnings forecast .

How were Salesforce's earnings last quarter?

Salesforce, Inc. (NYSE:CRM) released its quarterly earnings data on Wednesday, November, 29th. The CRM provider reported $2.11 EPS for the quarter, beating the consensus estimate of $2.05 by $0.06. The CRM provider had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.71 billion. Salesforce had a net margin of 7.63% and a trailing twelve-month return on equity of 9.19%. The firm's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. Read the conference call transcript .

What ETFs hold Salesforce's stock?

ETFs with the largest weight of Salesforce (NYSE:CRM) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV) , Invesco NASDAQ Internet ETF (PNQI) , Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR) , Unusual Whales Subversive Democratic Trading ETF (NANC) , iShares U.S. Tech Independence Focused ETF (IETC) , SmartETFs Advertising & Marketing Technology ETF (MRAD) , Natixis Vaughan Nelson Select ETF (VNSE) and First Trust Dow Jones Internet Index Fund (FDN) .

How will Salesforce's stock buyback program work?

Salesforce announced that its board has initiated a share repurchase plan on Wednesday, March 1st 2023, which permits the company to repurchase $20,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 10.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

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

Salesforce issued an update on its FY 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of 8.180-8.190 for the period, compared to the consensus earnings per share estimate of 7.350. The company issued revenue guidance of $34.8 billion-$34.8 billion, compared to the consensus revenue estimate of $31.8 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) .

Who are Salesforce's major shareholders?

Salesforce's stock is owned by many different institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.54%), Jennison Associates LLC (0.89%), Charles Schwab Investment Management Inc. (0.56%), Cerity Partners LLC (0.36%), Swiss National Bank (0.31%) and Sumitomo Mitsui Trust Holdings Inc. (0.29%). Insiders that own company stock include Amy E Weaver, Amy E Weaver , Brent Hyder , Bret Steven Taylor , Brian Millham , Gavin Patterson , Joe Allanson , Marc Benioff , Neelie Kroes, Parker Harris , Shawn R Phillips, Srinivas Tallapragada and Sundeep G Reddy . 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

Most-Upgraded StocksMost-Upgraded

NYSE:CRM

Salesforce (CRM) Stock Price, News & Analysis

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Free CRM Stock Alerts

$291.98

+3.14 (+1.09%)

(As of 02/8/2024 ET)

Compare

Today's Range: $288.98
▼
$293.11
50-Day Range: $248.87
▼
$288.84
52-Week Range: $159.65
▼
$293.11

Volume: 4.49 million shs
Average Volume: 5.18 million shs
Market Capitalization: $282.64 billion

P/E Ratio: 111.02
Dividend Yield: N/A
Price Target: $262.64

Get Salesforce alerts:

Salesforce MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 10.0% Downside
$262.64 Price Target
Short Interest: Healthy
1.01% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.60
Upright™ Environmental Score
News Sentiment: 0.47
Based on 22 Articles This Week
Insider Trading: Selling Shares
$374.17 M Sold Last Quarter
Proj. Earnings Growth: 20.10%
From $6.02 to $7.23 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.45 out of 5 stars

Computer And Technology Sector

93rd out of 576 stocks

Prepackaged Software Industry

17th out of 202 stocks

2.4

Analyst's Opinion

Consensus Rating
Salesforce has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 27 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $262.64, Salesforce has a forecasted downside of 10.0% from its current price of $291.98.
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.

3.0

Short Interest

Percentage of Shares Shorted
1.01% 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 1.7, 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 4.95%, indicating that investor sentiment is decreasing.

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.

3.0

News and Social Media Coverage

News Sentiment
Salesforce has a news sentiment score of 0.47. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for Salesforce this week, compared to 21 articles on an average week.
Search Interest
168 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
71 people have added Salesforce to their MarketBeat watchlist in the last 30 days. This is an increase of 18% 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 $374,173,625.00 in company stock.
Percentage Held by Insiders
Only 3.70% of the stock of Salesforce is held by insiders.
Percentage Held by Institutions
77.52% of the stock of Salesforce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Salesforce are expected to grow by 20.10% in the coming year, from $6.02 to $7.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Salesforce is 111.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of Salesforce is 111.02, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 240.40.
Price to Earnings Growth Ratio
Salesforce has a PEG Ratio of 1.84. 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 5.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Salesforce Stock (NYSE:CRM)

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.

CRM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CRM Stock News Headlines

January 31, 2024 | marketbeat.com

IBM, Verizon, Merck stocks lead Dow to new highs (CRM)

The Dow hits record highs with IBM, Verizon, Merck, and insurer Travelers leading the way; those strong stocks don't make much of a dent in S&P performance

January 22, 2024 | marketbeat.com

nCino's path to profits: Niche fintech with strong prospects (CRM)

nCino's stock enters a buy zone after an expanded deal with Salesforce. Analysts expect nCino to become profitable this year, with earnings growth in 2025.

February 8, 2024 | Stansberry Research (Ad)

HUGE BUY ALERT: Move Fast, Musk…

Since 2018, Eric Wade's investment recommendations have averaged 115%. But one investment he just discovered in Phoenix could blow them all away. It involves Elon Musk, Bill Gates, 32 government mandates, and an AI breakthrough... Not to mention a technology that could help you earn $30,000 a year outside the stock market.

January 20, 2024 | marketbeat.com

MarketBeat Week in Review – 1/15 - 1/19 (CRM)

The market continues to bounce back and forth as investors wait on news from the Federal Reserve later this month, but inflation may still be the bigger story

January 17, 2024 | marketbeat.com

Shopify keeps rallying despite downgrades; what's the catch? (CRM)

The reality is the whole macro-economic landscape is shifting, and it's shifting in favor of the bulls. Tech stocks like Shopify are primed to keep rallying.

January 15, 2024 | marketbeat.com

Salesforce just flashed a big bright buy signal

Looking at MarketBeat's MarketRank tool, we see Salesforce has a street-high price target of $350. That's pointing to a further upside of some 25%.

January 15, 2024 | marketbeat.com

Salesforce just flashed a big bright buy signal (CRM)

Looking at MarketBeat's MarketRank tool, we see Salesforce has a street-high price target of $350. That's pointing to a further upside of some 25%.

February 8, 2024 | americanbankingnews.com

Marc Benioff Sells 15,000 Shares of Salesforce, Inc. (NYSE:CRM) Stock

February 8, 2024 | Legacy Research (Ad)

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February 8, 2024 | americanbankingnews.com

Salesforce, Inc. (NYSE:CRM) Given Average Rating of "Moderate Buy" by Brokerages

February 7, 2024 | msn.com

Salesforce Executive Threatens To Withhold Stock Grants, Bonuses If Employees Fail To Meet Training Goals: Report

February 5, 2024 | finance.yahoo.com

Salesforce.com (CRM) Gains As Market Dips: What You Should Know

February 5, 2024 | ca.finance.yahoo.com

CRM Feb 2024 290.000 put

February 5, 2024 | finance.yahoo.com

What Is Salesforce, Inc.'s (NYSE:CRM) Share Price Doing?

February 4, 2024 | americanbankingnews.com

Insider Selling: Salesforce, Inc. (NYSE:CRM) CEO Sells $4,244,250.00 in Stock

February 3, 2024 | americanbankingnews.com

StockNews.com Downgrades Salesforce (NYSE:CRM) to Buy

February 2, 2024 | americanbankingnews.com

Salesforce, Inc. (NYSE:CRM) CEO Sells $4,275,750.00 in Stock

February 1, 2024 | finance.yahoo.com

Salesforce's (NYSE:CRM) investors will be pleased with their decent 78% return over the last five years

February 1, 2024 | americanbankingnews.com

Salesforce, Inc. (NYSE:CRM) CEO Sells $4,211,850.00 in Stock

January 31, 2024 | americanbankingnews.com

Srinivas Tallapragada Sells 10,000 Shares of Salesforce, Inc. (NYSE:CRM) Stock

January 31, 2024 | seekingalpha.com

Salesforce: Improving Profit Margins Come With A Backstory

January 30, 2024 | finance.yahoo.com

Salesforce.com (CRM) Stock Moves -0.05%: What You Should Know

January 30, 2024 | msn.com

Salesforce is one of BofA’s top picks for 2024

January 30, 2024 | markets.businessinsider.com

TSM, CRM, GOOGL: The Top 3 Stocks to Buy in 2024

January 29, 2024 | msn.com

Salesforce, Visa share gains contribute to Dow's nearly 150-point jump

January 29, 2024 | stocknews.com

3 A-Rated Software Stocks to Safeguard Your Portfolio

January 29, 2024 | markets.businessinsider.com

Wells Fargo Reaffirms Their Hold Rating on Salesforce (CRM)

See More Headlines

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Company Calendar

Last Earnings: 11/29/2023
Today: 2/08/2024
Next Earnings (Estimated): 3/06/2024
Fiscal Year End: 1/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: Application Software
Current Symbol: NYSE:CRM
CUSIP: 79466L30
CIK: 1108524
Web: www.salesforce.com
Phone: (415) 901-7000
Fax: 415-901-7040
Employees: 79,390
Year Founded: 1999

Price Target and Rating

Average Stock Price Target: $262.64
High Stock Price Target: $350.00
Low Stock Price Target: $153.00
Potential Upside/Downside: -10.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.78
Research Coverage: 37 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.63
Trailing P/E Ratio: 111.22
Forward P/E Ratio: 48.59
P/E Growth: 1.84
Net Income: $208 million
Net Margins: 7.63%
Pretax Margin: 9.83%
Return on Equity: 9.19%
Return on Assets: 5.67%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 1.04
Quick Ratio: 1.04

Sales & Book Value

Annual Sales: $31.35 billion
Price / Sales: 9.03
Cash Flow: $8.16 per share
Price / Cash Flow: 35.86
Book Value: $58.36 per share
Price / Book: 5.01

Miscellaneous

Outstanding Shares: 968,000,000
Free Float: 932,184,000
Market Cap: $283.15 billion
Optionable: Optionable
Beta: 1.28

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Key Executives

Mr. Marc R. Benioff (Age 59)
Co-Founder, Chairman & CEO
Comp: $5.27M
Mr. Brian Millham (Age 54)
President & COO
Comp: $4.07M
Ms. Amy E. Weaver (Age 56)
President & CFO
Comp: $1.71M
Mr. Srinivas Tallapragada (Age 54)
President & Chief Engineering Officer
Comp: $1.71M
Mr. Parker Harris (Age 57)
Co-Founder, CTO & Director
Comp: $1.7M
Mr. Miguel Milano
President & Chief Revenue Officer
Mr. David Schmaier
President & Chief Product Officer
Mr. Ariel Kelman
President & Chief Marketing Officer
Mr. Sabastian V. Niles
President & Chief Legal Officer
Ms. Nathalie Scardino
President & Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRM Stock Analysis - Frequently Asked Questions

Should I buy or sell Salesforce stock right now?: 37 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Salesforce in the last twelve months. There are currently 9 hold ratings, 27 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CRM shares.
View CRM analyst ratings or view top-rated stocks.
What is Salesforce's stock price target for 2024?: 37 analysts have issued 1 year price objectives for Salesforce's shares. Their CRM share price targets range from $153.00 to $350.00. On average, they predict the company's stock price to reach $262.64 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
View analysts price targets for CRM or view top-rated stocks among Wall Street analysts.
How have CRM shares performed in 2024?: Salesforce's stock was trading at $263.14 at the start of the year. Since then, CRM shares have increased by 11.0% and is now trading at $291.98.
View the best growth stocks for 2024 here.
When is Salesforce's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our CRM earnings forecast.
How were Salesforce's earnings last quarter?: Salesforce, Inc. (NYSE:CRM) released its quarterly earnings data on Wednesday, November, 29th. The CRM provider reported $2.11 EPS for the quarter, beating the consensus estimate of $2.05 by $0.06. The CRM provider had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.71 billion. Salesforce had a net margin of 7.63% and a trailing twelve-month return on equity of 9.19%. The firm's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share.
Read the conference call transcript.
What ETFs hold Salesforce's stock?: ETFs with the largest weight of Salesforce (NYSE:CRM) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV), Invesco NASDAQ Internet ETF (PNQI), Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR), Unusual Whales Subversive Democratic Trading ETF (NANC), iShares U.S. Tech Independence Focused ETF (IETC), SmartETFs Advertising & Marketing Technology ETF (MRAD), Natixis Vaughan Nelson Select ETF (VNSE) and First Trust Dow Jones Internet Index Fund (FDN).
How will Salesforce's stock buyback program work?: Salesforce announced that its board has initiated a share repurchase plan on Wednesday, March 1st 2023, which permits the company to repurchase $20,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 10.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

What guidance has Salesforce issued on next quarter's earnings?: Salesforce issued an update on its FY 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of 8.180-8.190 for the period, compared to the consensus earnings per share estimate of 7.350. The company issued revenue guidance of $34.8 billion-$34.8 billion, compared to the consensus revenue estimate of $31.8 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).
Who are Salesforce's major shareholders?: Salesforce's stock is owned by many different institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.54%), Jennison Associates LLC (0.89%), Charles Schwab Investment Management Inc. (0.56%), Cerity Partners LLC (0.36%), Swiss National Bank (0.31%) and Sumitomo Mitsui Trust Holdings Inc. (0.29%). Insiders that own company stock include Amy E Weaver, Amy E Weaver, Brent Hyder, Bret Steven Taylor, Brian Millham, Gavin Patterson, Joe Allanson, Marc Benioff, Neelie Kroes, Parker Harris, Shawn R Phillips, Srinivas Tallapragada and Sundeep G Reddy.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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.
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This page (NYSE:CRM) was last updated on 2/8/2024 by MarketBeat.com Staff

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