Market Movers

Salesforce, Inc.’s Stock Price Skyrockets to 367.87 USD, Marking a Stellar 10.99% Increase

By December 5, 2024 No Comments

Salesforce, Inc. (CRM)

367.87 USD +36.44 (+10.99%) Volume: 24.44M

Explore Salesforce, Inc.’s stock price performance, currently standing at 367.87 USD, witnessing a substantial surge of +10.99% this trading session and an impressive YTD increase of +36.87%, backed by a robust trading volume of 24.44M. A promising choice for investors looking at consistent growth.


Latest developments on Salesforce, Inc.

Salesforce.com Inc’s stock price surged today after the company’s Q3 earnings report showed a mix of results but with a light Q4 revenue guidance that exceeded expectations. Analysts are optimistic about Salesforce’s AI strategy, which is expected to drive growth and improve the company’s performance by 2025. Despite missing earnings estimates, the stock rallied as investors showed confidence in the company’s future prospects. Salesforce’s strong revenue beat and promising AI tools have fueled excitement among investors, leading to a record high for the stock price. The company’s CEO’s comments on Copilot and the successful acquisition of Zoomin have also contributed to the positive sentiment surrounding Salesforce’s stock.


Salesforce, Inc. on Smartkarma

Analysts on Smartkarma are bullish on Salesforce.Com Inc, with Baptista Research highlighting enhanced product offerings and vertical integration as key drivers of optimism. The company’s fiscal 2025 second-quarter results showed significant developments, particularly in AI, with revenue reaching $9.33 billion, an 8% increase year-over-year. Despite some challenges, Salesforce’s robust performance under the leadership of Chair and CEO Marc Benioff has impressed investors.

Meanwhile, Value Investors Club sees a buying opportunity in Salesforce’s stock price decline of 21% to $214 after slightly lowering guidance for the year. The company’s core business strength, coupled with potential productivity improvements from recent organizational changes, could lead to a compound annual growth rate of 15-24% over the next five years. With conservative assumptions, the stock offers a mid-point IRR of 20%, making it an attractive option for investors looking for long-term growth.


A look at Salesforce, Inc. Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Salesforce.Com Inc has a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned for continued expansion and market success. The Growth score indicates strong potential for increasing revenue and market share, while the Momentum score suggests a positive trend in the company’s stock performance.

Although Salesforce.Com Inc does not score as high in Value and Dividend, its Resilience score of 3 indicates a moderate level of stability and ability to weather economic challenges. Overall, Salesforce.Com Inc‘s focus on providing software on demand for customer relationship management positions it well for future growth and success in the technology industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars