Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Salesforce Inc before investing.

In this article, we go over a few key elements for understanding Salesforce Inc’s stock price such as:

• Salesforce Inc’s current stock price and volume
• Why Salesforce Inc’s stock price changed recently
• Upgrades and downgrades for CRM from analysts
• CRM’s stock price momentum as measured by its relative strength

About Salesforce Inc (CRM)

Before we jump into Salesforce Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Salesforce, Inc. is a provider of customer relationship management (CRM) technology. The Company's Customer 360 platform spans sales, service, marketing, commerce, collaboration, integration, artificial intelligence, analytics, automation, and others. It connects customer data across systems, applications and devices to create a complete view of customers. The Company also enables third parties to use its platform and developer tools to create additional functionality and applications that run on the Company’s platform. Its customers use its sales offering to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence and deliver quotes, contracts and invoices. Its service offering helps to connect its service agents with customers across any touchpoint. It helps customers to resolve routine issues with predictions and recommendations. The Company offers its services to businesses worldwide on a subscription basis.

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Salesforce Inc’s Stock Price as of Market Close

As of May 31, 2024, 3:59 PM, CST, Salesforce Inc’s stock price was $234.44.

Salesforce Inc is up 7.54% from its previous closing price of $218.01.

During the last market session, Salesforce Inc’s stock traded between $212.00 and $225.09. Currently, there are 968.00 million shares of Salesforce Inc stock available for purchase.

Salesforce Inc’s price-earnings (P/E) ratio is currently at 51.8, which is high compared to the IT Services & Consulting industry median of 24.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Salesforce Inc Stock Price History

Salesforce Inc’s (CRM) price is currently down 12.83% so far this month.

During the month of May, Salesforce Inc’s stock price has reached a high of $290.02 and a low of $212.00.

Over the last year, Salesforce Inc has hit prices as high as $318.72 and as low as $193.68. Year to date, Salesforce Inc’s stock is up 76.82%.

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What Caused Salesforce Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 30, 2024, there were 25 analysts who downgraded Salesforce Inc’s stock and 7 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Salesforce Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Salesforce Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Salesforce Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Salesforce Inc (CRM) by visiting AAII Stock Evaluator.

Relative Price Strength of Salesforce Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 30, 2024, Salesforce Inc has a weighted four-quarter relative price strength of -9.54%, which translates to a Momentum Score of 32 and is considered to be Weak.

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Salesforce Inc Stock Price: Bottom Line

As of May 31, 2024, Salesforce Inc’s stock price is $234.44, which is up 7.54% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Salesforce Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.