Salesforce, Inc. (CRM)
NYSE: CRM · Real-Time Price · USD
$182
-4.53 (-2.4%)· Live
StockMarketAgent Research
Our analysis: CRM rated Strong Buy
Strong Buy based on an attractive valuation gap for a highly profitable software compounder.
Fair value (mid)
$237 / share
$172 – $303
Upside to FV
+30.3%
from $182
Confidence
88/100
Moat
9/10
Biggest opportunity
Bull: AI-driven workflow automation products like Agentforce act as a massive catalyst, reversing the deceleration trend. Strict cost controls amplify revenue upside into exceptional free cash flow generation, driving significant multiple expansion.
Biggest risk
Growth Stagnation
Growth Stagnation: Core software markets saturate entirely, permanently capping top-line growth below 5%.
Recommended action
Strong Buy
Strong Buy. The market over-penalizes top-line deceleration while under-appreciating the structural pivot toward margin expansion, massive free cash flow conversion, and aggressive share repurchases.
Position sizing playbook →| Market cap | $148.7B | |
|---|---|---|
| Revenue (ttm) | 41.5B | |
| Net income (ttm) | 7.5B | |
| EPS (ttm) | $7.80 | |
| Shares out | 818.1M | |
| P/E (trailing) | 23.3x | |
| P/E (forward) | 12.2x | |
| Dividend | $1.76 (0.97%) | |
| Volume | 15,123,890 | |
| Beta | 1.14 | |
| Price target | $279 | +53.3% |
Market data
Price
Recent price action with selectable time range.
Salesforce, Inc.CRM
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Financial snapshot
- Revenue (ttm)
- 41.5B
- Net income (ttm)
- 7.5B
- EPS (ttm)
- $7.80
- P/E (trailing)
- 23.3x
- P/E (forward)
- 12.2x
- Market cap
- $148.7B
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 | 2026-01-31 | Trend |
| Revenue | $26.49B | $31.35B | $34.86B | $37.90B | $41.53B | +11.9% |
| Gross profit | $19.47B | $22.99B | $26.32B | $29.25B | $32.26B | +13.5% |
| Operating income | $548.0M | $1.86B | $6.00B | $7.67B | $8.92B | +100.8% |
| Net income | $1.44B | $208.0M | $4.14B | $6.20B | $7.46B | +50.7% |
| EPS (diluted) | $1.48 | $0.21 | $4.20 | $6.36 | $7.80 | +51.5% |
| EBITDA | $3.85B | $5.64B | $9.96B | $11.14B | $12.55B | +34.4% |
| R&D | $4.47B | $5.06B | $4.91B | $5.49B | $5.99B | +7.6% |
| SG&A | $14.45B | $16.08B | $14.52B | $15.19B | $16.35B | +3.1% |
Fair-value bridge
- Fair value (low)
- $172
- Fair value (mid)
- $237
- Fair value (high)
- $303
- Current price
- $182
- Upside to mid
- +30.3%
Valuation models
| Model | Fair value (mid) | Weight |
|---|---|---|
| Multi stage moat fade | $151 | 30% |
| Discounted earnings | $214 | 25% |
| Forward earnings | $277 | 25% |
| Owner earnings | $424 | 15% |
| Peg adjusted peer | $104 | 5% |
| Reverse DCF | $0.00 | 0% |
| FCFF DCF | $0.00 | 0% |
| Ddm | $28.91 | 0% |
Analyst consensus
Recommendation
Buy
Price target
$279
+53.3%
In the news
Latest news · CRM
Recent company headlines from major financial publishers.
Valuation
- Market cap
- $148.7B
- P/E (trailing)
- 23.3x
- P/E (forward)
- 12.2x
- P/S
- 3.6x
- P/B
- 2.9x
- PEG
- 0.86
- EV / EBITDA
- 12.5x
Profitability
- Gross margin
- 77.7%
- Operating margin
- 21.5%
- ROE
- 12.4%
- ROA
- 5.2%
- ROIC
- 10.9%
Balance sheet
- Debt / equity
- 0.30
- Current ratio
- 0.76
- Quick ratio
- 0.64
Trading
- Beta
- 1.14
- Volume
- 15,123,890
- Dividend yield
- 1.0%
Scenarios & expected return
Probability-weighted: +30.3% expected return to fair value
Bull20%
Price target
$303.18
+66.7% from spot
AI-driven workflow automation products like Agentforce act as a massive catalyst, reversing the deceleration trend. Strict cost controls amplify revenue upside into exceptional free cash flow generation, driving significant multiple expansion.
- Agentforce reignites organic revenue growth to low-teens.
- Operating margins expand significantly beyond historic levels.
- Aggressive buybacks heavily outpace SBC dilution.
Base60%
Price target
$236.95
+30.3% from spot
Salesforce successfully executes its transition to a mature compounder. The company accepts lower top-line growth (fading from 11% to 5.5% over 5 years) in exchange for structural margin expansion and consistent capital return via share repurchases.
- Revenue growth naturally fades to high-single digits.
- Operating margins stabilize around 30%.
- Management maintains discipline with no major M&A.
Bear20%
Price target
$171.93
-5.4% from spot
Macroeconomic pressures and market saturation stifle top-line growth. The inability to reignite growth via Agentforce, combined with persistently high stock-based compensation, erodes true economic value despite surface-level cash flow generation.
- Core CRM markets saturate deeply, pushing revenue growth below 5%.
- Competition forces pricing pressure, capping margin expansion.
- High SBC limits true per-share value creation.
Valuation models & bridge
Each model produces an independent fair value. Weighted average = $237.
| Model | Weight | FV / share | vs spot | Contribution |
|---|---|---|---|---|
| Multi stage moat fade | 30% | $151 | -16.8% | |
| Discounted earnings | 25% | $214 | +17.7% | |
| Forward earnings | 25% | $277 | +52.3% | |
| Owner earnings | 15% | $424 | +133.4% | |
| Peg adjusted peer | 5% | $104 | -42.8% | |
| Reverse DCF | 0% | $0.00 | -100.0% | |
| FCFF DCF | 0% | $0.00 | -100.0% | |
| Ddm | 0% | $28.9 | -84.1% | |
| Composite FV (weighted) | 100% | $237 | +30.3% |
Sensitivity: Ke × terminal growth
| Ke ↓ / g → | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| 8.6% | $263 | $284 | $309 | $340 | $376 |
| 9.6% | $228 | $244 | $263 | $284 | $309 |
| 10.6% | $202 | $214 | $228 | $244 | $263 |
| 11.6% | $181 | $191 | $202 | $214 | $228 |
| 12.6% | $164 | $172 | $181 | $191 | $202 |
Scorecard
Factor radar (left) · 9-category weighted composite (right)
Valuation5.0
Management7.1
Balance Sheet5.0
Profitability5.5
Revenue Growth6.0
Risk Assessment6.0
Competitive Moat9.0
Earnings Quality8.0
Capital Efficiency5.0
Weighted composite
6.3/10
Above average| Category | Weight | Score | Reading |
|---|---|---|---|
| Valuation | 11% | 5.0 | |
| Management | 11% | 7.1 | |
| Balance Sheet | 11% | 5.0 | |
| Profitability | 11% | 5.5 | |
| Revenue Growth | 11% | 6.0 | |
| Risk Assessment | 11% | 6.0 | |
| Competitive Moat | 11% | 9.0 | |
| Earnings Quality | 11% | 8.0 | |
| Capital Efficiency | 11% | 5.0 |
Position sizing & entry playbook
Pre-committed rules, followed irrespective of news flow.
Conviction tier
High
Confidence 88/100
Target weight
Core holding given mature compounder profile and high free cash flow visibility.
of equity sleeve
Current / pullbacks
$182
Thesis break
Risk to thesis
- Re-evaluate if revenue growth falls below 5% or management executes dilutive >$5B M&A.
Calendar
Next earnings
Upcoming earnings date and setup when available.
Upcoming
DateLoading
Window—
EPS estimate—
Revenue estimate—
Sector percentile context
Refreshed 2026-05-10 22:07 UTC
Forward P/E12.2
P25 n/aP50 n/aP75 n/a
Trailing P/E0
P25 n/aP50 n/aP75 n/a
ROE12.4
P25 n/aP50 n/aP75 n/a
ROIC10.9
P25 n/aP50 n/aP75 n/a
Benchmarks · 1M
S&P 500n/a
Nasdaq Compositen/a
Dow Jones Industrial Averagen/a
Russell 2000n/a
All CRM indicators
Market & fundamental data
Available fields
282
Groups with data
11
Currency
USD
Showing 282 of 282 available metrics for this ticker.
Deeper analysis on CRM
14 sections in the full report · jump straight to what you need
Forecast
Bull, base, and bear cases with expected-return framing.
Valuation
Fair-value bridge, DCF, owner earnings, and peer multiples.
Sensitivity
Cost-of-equity and terminal-growth stress table.
Risks
Kill scenarios, soft-pass flags, and downside catalysts.
Earnings
Next earnings setup and beat / inline / miss thresholds.
Position sizing
Entry, exit, conviction, and quarterly monitoring rules.
Financials
Revenue, margins, cash flow, and balance-sheet context.
Peers
Relative valuation and profitability against the cohort.
Moat
Economic-profit evidence and competitive advantage risk.
Industry cycle
Sector phase, capital cycle, and secular tailwinds.
Scorecard
Six-factor overlay and 9-category weighted scorecard.
Recommendation
Final action, action steps, opportunity, and biggest risk.
Perspectives
Growth, value, and income investor reads.
Archive
Prior monthly reports and rating changes.
Frequently asked questions
About this CRM report
What is the current CRM stock rating?
Salesforce, Inc. is currently shown with Strong Buy in the latest report. The hub links directly to the full analysis surface where the rating, fair-value bridge, risks, and scorecard are documented together.
Where can I read the full CRM analysis?
The full report lives at /stocks/CRM/analysis. The bare ticker page is a product hub that summarizes the latest read and sends readers into the relocated analysis tabs without making the analysis surface depend on the hub.
What fair-value range is used for CRM?
The latest report frames CRM around $172 to $303. Treat that range as the entry point, then check the valuation, sensitivity, and bear-case tabs before making an investment decision.
How often is the CRM page updated?
The hub updates with the latest published stock report and live backend market data. The analysis pages remain reachable under /analysis, so a hub rollback does not remove the report reader.
Strong BuyCRM · Fair value $237+30.3% · Confidence 88/100