CRM stock icon

Salesforce
CRM

$235.8
2.19%
 

About: Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

Employees: 72,682

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 61 analysts
0
News positive %
of 147 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

73% more first-time investments, than exits

New positions opened: 291 | Existing positions closed: 168

13% more capital invested

Capital invested by funds: $204B [Q4 2023] → $232B (+$27.4B) [Q1 2024]

5% more funds holding

Funds holding: 2,520 [Q4 2023] → 2,643 (+123) [Q1 2024]

9% more repeat investments, than reductions

Existing positions increased: 1,077 | Existing positions reduced: 987

7% less call options, than puts

Call options by funds: $3.98B | Put options by funds: $4.29B

1.17% less ownership

Funds ownership: 80.62% [Q4 2023] → 79.45% (-1.17%) [Q1 2024]

7% less funds holding in top 10

Funds holding in top 10: 139 [Q4 2023] → 129 (-10) [Q1 2024]

Research analyst outlook

61 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$230
2%
downside
Avg. target
$313
33%
upside
High target
$365
55%
upside

61 analyst ratings

44 positive
72%
16 neutral
26%
negative
2%
Macquarie
Frederick Havemeyer
17%upside
$275
Outperform
Maintained
31 May 2024
Citigroup
Tyler Radke
10%upside
$260
Neutral
Maintained
30 May 2024
Barclays
Raimo Lenschow
29%upside
$305
Overweight
Maintained
30 May 2024
Jefferies
Brent Thill
48%upside
$350
Buy
Maintained
30 May 2024
TD Cowen
J. Derrick Wood
21%upside
$285
Hold
Maintained
30 May 2024

Financial journalist opinion

Based on 147 articles about CRM published over the past 30 days