Salesforce (CRM)

• Market cap: $313B
• 1 day: 0.70%
• 5 days: 0.57%
• 1 month: -4.68%
• 3 months: 12.20%
• 6 months: 28.64%
• Year to date: -1.16%
• 1 year: 16.60%
• 5 years: 76.41%
• 10 years: 466.35%
• 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)

37% more first-time investments, than exits

New positions opened: 218 | Existing positions closed: 159

12% more repeat investments, than reductions

Existing positions increased: 1,109 | Existing positions reduced: 991

1% more funds holding

Funds holding: 2,567 [Q2] → 2,591 (+24) [Q3]

1% more capital invested

Capital invested by funds: $210B [Q2] → $211B (+$1.18B) [Q3]

0% less call options, than puts

Call options by funds: $5.49B | Put options by funds: $5.52B

2.41% less ownership

Funds ownership: 83.02% [Q2] → 80.6% (-2.41%) [Q3]

5% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $247 24% downside
• Avg. target: $397 22% upside
• High target: $450 38% upside

27 analyst ratings

• positive: 20 74%
• neutral: 6 22%
• negative: 1 4%

TD Cowen J. Derrick Wood 60% 1-year accuracy 9 / 15 met price target	22% upside $400	Buy Upgraded	17 Jan 2025
Needham Scott Berg 60% 1-year accuracy 96 / 159 met price target	22% upside $400	Buy Maintained	8 Jan 2025
Guggenheim John Difucci 48% 1-year accuracy 15 / 31 met price target	24% downside $247	Sell Downgraded	6 Jan 2025
Macquarie Steve Koenig 50% 1-year accuracy 2 / 4 met price target	13% upside $370	Neutral Maintained	18 Dec 2024
JMP Securities Patrick Walravens 57% 1-year accuracy 60 / 105 met price target	38% upside $450	Market Outperform Reiterated	18 Dec 2024