Forecast Of The Day: Salesforce Cloud-Based CRM Revenue

October 14th, 2022 by Trefis Team
-4.49%
Downside
251
Market
240
Trefis
CRM: Salesforce logo
CRM
Salesforce

What?

Salesforce (NASDAQ:CRM) Cloud-Based Customer Relationship Management Revenue rose from around $9.6 billion in 2019 to $13.7 billion in 2021. Trefis expects the metric to grow to about $19 billion by 2023.

Why?

Relevant Articles
  1. Up 74% Since The Beginning of 2023, Will Salesforce Stock Continue Its Strong Rally?
  2. Salesforce Stock Is Undervalued
  3. Salesforce Stock To Edge Past The Consensus In Q1
  4. Salesforce Stock Is Trading Below Its Fair Value
  5. What To Expect From Salesforce Stock In Q4?
  6. What To Expect From Salesforce Stock In Q3?

We expect growth to be driven by high growth in the on-demand (cloud-based) portion of the CRM software market and improvements to the company’s product.

So What?

We remain positive on CRM stock with a $224 price estimate, which is almost 55% ahead of the current market price.

See Our Complete Analysis For Salesforce.com

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates