Fool.com contributor Parkev Tatevosian predicts where Salesforce (CRM 0.96%) stock could be by the end of the year.*Stock prices used were the afternoon prices of Feb. 13, 2024. The video was published on Feb. 15, 2024. ...

SOPA Images/LightRocket via Getty Images Salesforce (NYSE:CRM) is one of the most compelling investments to make for exposure to AI at this time, particularly for retail applications. It is tempting to totally ignore the valuation risk based on the exceptional results so far and the expected high market growth in the future. However, we must be aware of market risks, as over-allocating to CRM could prove costly. Einstein AI Salesforce's Einstein AI is its comprehensive artificial intelligence technology ...

Key PointsEquities in general are rallying hard, with tech particularly benefiting from the return of risk-on sentiment. Salesforce is within striking distance of a new all-time high but remains attractively valued. MongoDB has been rallying since 2022 and is also within striking distance of a record close. 5 stocks we like better than SalesforceWith the risk-on sentiment that started last November continuing to sweep equity markets, it's a good time to be buying stocks. Increasing hopes for a rate cut amid ...

Company Performance - Salesforce.com (CRM) closed at $287.32, reflecting a -1.37% change from the previous day, underperforming the S&P 500's daily loss of 0.1% [1] - Over the past month, Salesforce.com shares have appreciated by 7.12%, lagging behind the Computer and Technology sector's gain of 11.35% and outperforming the S&P 500's gain of 5.78% [1] Earnings Expectations - The upcoming earnings report for Salesforce.com is scheduled for February 28, 2024, with projected earnings per share (EPS) of $2.26, indicating a 34.52% increase from the same quarter last year [1] - The consensus estimate for quarterly revenue is $9.21 billion, which represents a 9.87% increase from the year-ago period [1] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Salesforce.com are crucial, as positive revisions indicate optimism about the company's business outlook [2] - The Zacks Rank for Salesforce.com is currently 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [2] Valuation Metrics - Salesforce.com is trading with a Forward P/E ratio of 30.63, which is a discount compared to the industry average Forward P/E of 32.6 [3] - The company has a PEG ratio of 1.42, significantly lower than the industry average PEG ratio of 2.5 [3] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 62, placing it within the top 25% of over 250 industries [3] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3]

Salesforce.com (CRM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this customer-management software developer have returned +7.6%, compared to the Zacks S&P 500 composite's +5.1% change. During this period, the Zacks Computer - Software industry, which Salesforce.com falls in, has gained 10.7%. The key question now is: What could be the stock's future ...

Customer relations management software specialist Salesforce (NYSE:CRM) is part of the recent trend of technology-company layoffs. Does this development change my bullish CRM stock forecast? No way! It’s perfectly fine to stay in the trade as Salesforce is still a premier provider of artificial intelligence (AI) enhanced software and services.Along with the planned workforce downsizing, prospective Salesforce stock traders should also consider the company’s insider share sales. But again, this doesn’t have ...

SAN FRANCISCO--(BUSINESS WIRE)--Salesforce (NYSE: CRM), the global leader in CRM, today announced that its fourth quarter and full fiscal year 2024 results will be released on Wednesday, February 28, 2024, after the close of the market. The company will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor. A ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Salesforce.com (CRM) .Salesforce.com currently has an average brokerage re ...

The Dow Jones Industrial Average is home to some of the world's largest companies, including Apple, JPMorgan Chase, and McDonald's. But in 2023, an unsuspecting software company topped the index as its best performer. Salesforce (CRM -0.79%) stock rose 98% in 2023 -- higher than any of its Dow Jones cohorts.The company's visionary CEO, Marc Benioff, could be viewed as a specialist in mergers and acquisitions. Although Salesforce has long been a staple for sales and marketing professionals, the company is qu ...

Stephen Lam Salesforce (NYSE:CRM) is the number one enterprise software company with a 22% share of the market followed by MSFT (MSFT) at 5.7% and Oracle (ORCL) at 4.7%. It is also the number three software company, in this category trailing Microsoft and Oracle. Though number one in the category it dominates it clearly has plenty of room to expand. It has an estimated Total Addressable Market with a self-generated figure of $290 billion by 2026. Trailing Q3 2023 (2024 FY) revenues were about $34 billio ...