Salesforce (CRM)

• Market cap: $329B
• 1 day: 2.21%
• 5 days: -2.03%
• 1 month: 5.51%
• 3 months: 28.80%
• 6 months: 42.12%
• Year to date: 34.17%
• 1 year: 32.05%
• 5 years: 108.84%
• 10 years: 474.09%
• 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)

12% more repeat investments, than reductions

Existing positions increased: 1,108 | Existing positions reduced: 989

11% more first-time investments, than exits

New positions opened: 216 | Existing positions closed: 195

1% more funds holding

Funds holding: 2,565 [Q2] → 2,586 (+21) [Q3]

0% more capital invested

Capital invested by funds: $206B [Q2] → $207B (+$484M) [Q3]

1% less call options, than puts

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

2.62% less ownership

Funds ownership: 81.68% [Q2] → 79.07% (-2.62%) [Q3]

5% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $300 13% downside
• Avg. target: $400 16% upside
• High target: $450 31% upside

26 analyst ratings

• positive: 19 73%
• neutral: 7 27%
• negative: 0 0%

Macquarie Steve Koenig 0% 1-year accuracy 0 / 3 met price target	8% upside $370	Neutral Maintained	18 Dec 2024
JMP Securities Patrick Walravens 69% 1-year accuracy 74 / 108 met price target	31% upside $450	Market Outperform Reiterated	18 Dec 2024
Wedbush Daniel Ives 80% 1-year accuracy 110 / 137 met price target	24% upside $425	Outperform Reiterated	18 Dec 2024
Needham Scott Berg 62% 1-year accuracy 93 / 149 met price target	9% upside $375	Buy Reiterated	18 Dec 2024
Piper Sandler Brent Bracelin 66% 1-year accuracy 87 / 132 met price target	18% upside $405	Overweight Maintained	18 Dec 2024