The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Salesforce, Inc. is an American cloud-based software firm based in San Francisco, California. The company offers applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, and application development.
Founded by former Oracle executive Marc Benioff in March 1999, Salesforce experienced rapid growth and went public in 2004. As of September 2022, it ranks as the 61st largest company globally by market capitalization, valued at nearly US$153 billion. In 2022, it became the world's largest provider of enterprise applications. Salesforce ranked 120st on the 2024 Fortune 500 list, generating $31.352 billion in revenue. Additionally, since 2020, Salesforce has been included in the Dow Jones Industrial Average.
The company's current financial score is 8.45, which is higher than the Software & IT Services industry's average of 7.32. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 9.83B, representing a year-over-year increase of 7.62%, while its net profit experienced a year-over-year increase of 0.52%.
The company’s current valuation score is 4.80, which is higher than the Software & IT Services industry's average of 2.30. Its current P/E ratio is 38.69, which is 235.75% below the recent high of 129.88 and -22.73% above the recent low of 47.48.
The company’s current earnings forecast score is 7.93, which is higher than the Software & IT Services industry's average of 7.60. The average price target for Salesforce Inc is 350.00, with a high of 442.00 and a low of 225.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 8.96, which is higher than the Software & IT Services industry's average of 7.31. Sideways: Currently, the stock price is trading between the resistance level at 267.97 and the support level at 229.41, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 7.00, which is higher than the Software & IT Services industry's average of 6.80. The latest institutional shareholding proportion is 85.92%, representing a quarter-over-quarter decrease of 1.07%. The largest institutional shareholder is The Vanguard, holding a total of 88.40M shares, representing 9.25% of shares outstanding, with 2.75% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services export-driven industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The company’s current risk assessment score is 4.69, which is higher than the Software & IT Services industry's average of 4.01. The company's beta value is 1.22. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.
The Stock Score data is powered by TradingKey and updated daily. Rating data is sourced from LESG. Please use the data with caution for reference purposes only.
