Forecast Of The Day: Salesforce Cloud-Based CRM Revenue

CRM: Salesforce logo

What? (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.


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We expect revenues to rise due to the ongoing shift to cloud-based on-demand software.

So What?

We think stock is undervalued at current levels. We value CRM at about $327 per share, about 60% ahead of the current market price.

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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]
YTD [1]
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

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