Forecast Of The Day: Salesforce Cloud-Based CRM Revenue
What?
Salesforce.com (NYSE:CRM) Cloud-Based CRM Revenue rose from $11.5 billion in FY’20 to about $13.7 billion in FY’21. Trefis expects the metric to grow to close to $20 billion by FY’23.
Why?
Relevant Articles
- Up 74% Since The Beginning of 2023, Will Salesforce Stock Continue Its Strong Rally?
- Salesforce Stock Is Undervalued
- Salesforce Stock To Edge Past The Consensus In Q1
- Salesforce Stock Is Trading Below Its Fair Value
- What To Expect From Salesforce Stock In Q4?
- What To Expect From Salesforce Stock In Q3?
We expect revenues to rise due to the ongoing shift to cloud-based on-demand software.
So What?
We think Salesforce.com stock is undervalued at current levels. We value CRM at about $327 per share, about 60% ahead of the current market price.
See Our Complete Analysis For Salesforce.com
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| CRM Return | -16% | -23% | 185% |
| S&P 500 Return | -5% | -10% | 92% |
| Trefis MS Portfolio Return | -3% | -12% | 246% |
[1] Month-to-date and year-to-date as of 2/23/2022
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates