Salesforce (CRM)

• Market cap: $327B
• 1 day: 1.86%
• 5 days: 4.59%
• 1 month: 18.62%
• 3 months: 32.26%
• 6 months: 20.51%
• Year to date: 33.53%
• 1 year: 52.80%
• 5 years: 110.07%
• 10 years: 488.78%
• Sector: Information Technology
• Industry: Prepackaged Software

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

13% more repeat investments, than reductions

Existing positions increased: 1,103 | Existing positions reduced: 978

1% more first-time investments, than exits

New positions opened: 213 | Existing positions closed: 210

0% more capital invested

Capital invested by funds: $206B [Q2] → $207B (+$372M) [Q3]

0% more funds holding

Funds holding: 2,563 [Q2] → 2,566 (+3) [Q3]

1% less call options, than puts

Call options by funds: $5.24B | Put options by funds: $5.3B

2.65% less ownership

Funds ownership: 81.66% [Q2] → 79.01% (-2.65%) [Q3]

5% less funds holding in top 10

Funds holding in top 10: 76 [Q2] → 72 (-4) [Q3]

Research analyst outlook

47 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $236 31% downside
• Avg. target: $326 5% downside
• High target: $450 32% upside

47 analyst ratings

• positive: 35 74%
• neutral: 12 26%
• negative: 0 0%

UBS Karl Keirstead 87% 1-year accuracy 13 / 15 met price target	5% upside $360	Neutral Maintained	22 Nov 2024
JMP Securities Patrick Walravens 65% 1-year accuracy 54 / 83 met price target	32% upside $450	Market Outperform Maintained	22 Nov 2024
TD Cowen J. Derrick Wood 56% 1-year accuracy 9 / 16 met price target	1% downside $340	Hold Maintained	21 Nov 2024
Oppenheimer Brian Schwartz 64% 1-year accuracy 23 / 36 met price target	13% upside $385	Outperform Reiterated	21 Nov 2024
JP Morgan Mark Murphy 59% 1-year accuracy 13 / 22 met price target	1% downside $340	Overweight Maintained	20 Nov 2024