Salesforce is a real force when it comes to customer relationship management. It is one of the most popular companies in the niche and has several loyal customers. On a daily basis, as many as 3.4 billion B2C messages and nearly 5 billion service case interactions are recorded across Salesforce. How cool do you feel it will be to invest in the company?
If you are already searching the internet for Salesforce (CRM) stock price forecasts, then you are clearly interested in buying the company's stock. It is also a good thing that you want to be familiar with Salesforce price predictions and forecasts for the coming years. It will help you make an informed decision when it is time to invest.
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In keeping with our tradition, we will not rush you through some figures without explaining the important things you need to know. Therefore, we will divide this article into several sections and discuss the important things you need to know if you want to buy Salesforce (CRM) stock but need to be sure that it is the right investment to make.
- What You Need To Know About Salesforce
- Salesforce (CRM) Stork Price History
- Salesforce Stock Price Predictions
- Salesforce (CRM) Stock Price Prediction For 2023
- Salesforce (CRM) Stock Price Prediction For 2024
- Salesforce (CRM) Stock Price Prediction For 2025
- Salesforce (CRM) Stock Price Prediction For 2026
- Salesforce (CRM) Stock Price Prediction For 2027
- Salesforce (CRM) Stock Price Prediction For 2028
- Salesforce (CRM) Stock Price Prediction For 2029
- Salesforce (CRM) Stock Price Prediction For 2030
- Should You Invest In Salesforce Stock?
What You Need To Know About Salesforce
Salesforce is an American cloud-based software company that provides customer relationship management (CRM) service, as well as enterprise applications focused on customer service, analytics, marketing automation, and application development. The company is a recognized entity in cloud computing, enterprise software, and consulting.
Salesforce is used by several businesses for case, task, and issue management. The company offers several enterprise tools that can be used by businesses to manage customers and make all round-improvement in service delivery. The primary service is available at Salesforce.com and includes categories like Commerce Cloud, Service Cloud, Data Cloud, Sales Cloud, Manufacturing Cloud, Marketing Cloud, Analytics Cloud, Community Cloud, App Cloud, and a few others.
Salesforce Platforms runs as a platform-as-a-service (PaaS) that permits developers to build add-on applications that integrate and run with the main Salesforce.com application. The platform has adequate infrastructure to support all third-party applications hosted on it.
Salesforce was founded in February 1999 as a software as a service (SaaS) company. The principal founder, Marc Benioff, was a former Oracle executive. He worked with Parker Harris, Dave Moellenhoff, and Frank Dominguez. The company has grown significantly and has made more than 60 acquisitions along the way. Some of its major subsidiaries include Quid, Demandware, Heroku, MuleSoft, Tableau Software, Acumen Solutions, and Slack Technology.
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Salesforce (CRM) Stork Price History
Salesforce went public in June 2004 on the New York stock exchange under the stock symbol, "CRM". During the successful IPO, the company offered its stock to investors at $11.00 per share and raised $110 million. Yahoo Finance started tracking the stock price almost immediately, and we will reference their historical data in this section.
On July 1, 2024, Salesforce stock opened at $4.02 and closed at $3.25. On December 1, 2004, it opened at $4.37 and closed at $4.24. On January 1, 2025, CRM opened at $4.10 and closed at $3.42. On June 1, it opened at $5.03 and closed at $5.12. On December 1, 2005, Salesforce (CRM) stock opened at $8.00, reached a high of $9.05 and closed at $8.01.
In 2006, CRM didn’t record any meaningful gain. The opening price on January 1 was $8.02 and the opening price on December 1 was $9.69. In 2007, it had a decent year. On January 1, 2007, Salesforce stock opened at $9.14 and closed at $10.96. On December 1, 2007, it opened at $14.20 and closed at $15.67. On January 1, 2008, it opened at $15.76 and closed at $12.98. On December 1, 2008, it opened at $6.82 and closed at $8.00.
In 2009, CRM stock price improved from the $6 region it dropped to in late 2008 to the $10 region. On December 1, 2009, it opened at $15.67, reached a high of $18.74, and closed at $18.44. It improved again in early 2010 and reached the $20 mark in April 2010. On June 1, 2010, CRM opened at $21.08 and closed at $21.45. It grew significantly during the last six months of the year. On December 1, 2010, the Salesforce stock opened at $35.52 and closed at $44.00.
In 2011, Salesforce stock recorded a drop in price. On January 1, it opened at $33.28 and on December 1, it opened at $29.01. On January 1, 2012, the stock opened at $26.05 and closed at $29.20. On June 1, it opened at $33.56 and closed at $34.56. On December 1, 2012, it opened at $39.67, reached a high of $43.19 and closed at $42.03.
On January 1, 2013, CRM opened at $42.94 and closed at $43.03. On December 1, 2013, it opened at $52.01 and closed at $55.19. On January 1, 2014, it opened at $55.20 and closed at $60.53. On December 1, 2015, it opened at $59.09 and closed at $59.31. On January 1, 2015, Salesforce stock opened at $59.90 and closed at $56.45. On December 1, 2015, it opened at $80.35 and closed at $78.40.
In 2016, CRM didn’t grow as expected. In fact, it went from an opening price of $77.14 on January 1 to an opening price of $72.14 on December 1, 2016. On January 1, 2017, the stock opened at $69.29 and closed at $79.79.10. On June 1, it opened at $90.00 and closed at $86.60. It reached the $100 mark in October. On December 1, 2017, CRM opened at $103.86 and closed at $102.23.
In 2018, Salesforce stock recorded impressive growth. On January 1 2018, it opened at $102.88 and closed at $113.91. On June 1, it opened at $129.88 and closed at $136.40. On December 1 2018, CRM opened at $146.30 and closed at $136.97. On January 1 2019, it opened at $133.40 and closed at $151.97. On December 1 2019, it opened at $163.10 and closed at $162.64.
On January 1 2020, Salesforce stock opened at $163.92 and closed at $182.31. On June 1, it opened at $173.10 and closed at $187.33. It reached the $200 mark in the following month, July. On December 1 2020, CRM opened at $245.00 and closed at $222.53. On January 1 2021, CRM opened at $222.64 and closed at $225.56. On December 1 2021, it opened at $271.26 and closed at $254.13.
On January 1 2022, Salesforce (CRM) stock opened at $255.01 and closed the year at $130.63.
Salesforce stock price chart. Source: TradingView
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Salesforce Stock Price Predictions
The Salesforce share price forecast from experts predicted that CRM could increase to $220 by mid-year, and then go higher to reach $275 by December 2023. The stock could reach $410 by the end of 2025 and $598 in 2030.
From the section above, you should be able to figure out how Salesforce stock has grown within the nearly 16-years period it has traded on the stock market. Though it has recorded some bearish market trends in the past, the stock has grown significantly. Considering that it is on a bearish run at the moment, what will become of the price in the future?
There are many factors to consider when making stock price predictions and forecasts, including technical analysis of its historical price data and the current state of the company and its shares. We consider several sources before making our stock price predictions to ensure that the figures are as realistic as possible.
Salesforce (CRM) Stock Price Prediction For 2023
Based on 32 Wall Street experts offering 12 month price targets for Salesforce in the last 4 months. The average price target is $300 with a high prediction of $345 and a low forecast of $255. The median price target represents a %48 change from the last price.
While we are positive about the long term future of CRM, our analysis does not show that it will hit the ground running in 2023. Though the stock is expected to improve this year, it is not going to be anything extraordinary.
In 2023, we project that Salesforce will record a minimum price of $306 and a maximum price of $323.50. Throughout the year, the average price of the CRM stock should be in the region of $316.00. Of course, the shares can perform better than we have predicted, but what we have here is the most realistic 1-year forecast for the Salesforce stock.
We have already seen how the Salesforce stock has performed in 2022. How far do you feel the stock can perform in the next few years? We have considered 7 predictions for the remaining of the decate to come up with a realistic prediction.
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Salesforce (CRM) Stock Price Prediction For 2024
Within the next two years, Salesforce is expected to improve its services in many ways and we believe that will also have an impact on the price of its stock. Salesforce has seen some bearish runs in recent times, and in 2024, we believe it will enjoy several good months.
As per our Salesforce price forecast for 2024, we believe that the CRM stock will have a minimum price of about $310 per share. The maximum price for the stock is expected to be in the region of $342. Throughout the year of 2024, we predict that the average price of Salesforce share will be $335, and that should be the most realistic target to work with when trying to figure out your investing moves.
Salesforce (CRM) Stock Price Prediction For 2025
According to our Salesforce forecast 2025, the CRM stock is likely to reach $400 height again. The good news is that it will not drop quickly after attaining that height.
According to our forecast, Salesforce stock should trade for a minimum price of $342 in 2025. The maximum price of the stock is expected to be in the region of $414. The average price for CRM in the whole of 2025 is expected to be $463.
That is the best rate to work with if you want to figure out what your investment can be worth in 2025 if you invest in the stock now.
Salesforce (CRM) Stock Price Prediction For 2026
By 2026, we expect that Salesforce stock will establish support at $300 or thereabout. It is not expected to drop lower than that throughout the year unless the stock market becomes unfavourable. Once everything is in order, the stock should perform really well above the $500 mark.
According to the data, the minimum price of Salesforce in 2026 should be $514 while the maximum price is expected to be $535. For the 12 months in the year, the average price of the CRM stock is expected to be in the region of $525 per share.
Salesforce (CRM) Stock Price Prediction For 2027
Have you wondered what a Salesforce stock investment will yield within five years? Then 2027 is the year you need to pay attention to because it is exactly five years ahead. From all indications, Salesforce will grow significantly bigger within the next five years and that should have a significant positive impact on the price of its stock.
If things should go right the way we anticipate, the minimum price of Salesforce in 2027 will be $510 while the maximum price should be in the region of $590. The average price for the 12 months of the year 2027 is projected to be $540 or thereabout.
Salesforce (CRM) Stock Price Prediction For 2028
If Salesforce should record the sort of growth we anticipate (it’s quite realistic, considering how well the company has performed in the past), then 2028 will be the year its stock will reach the $500 mark. Actually, we expect the it to reach this milestone quite early in 2028.
Coming to the complete Salesforce (CRM) stock price prediction for 2028, a minimum price of $498 is expected. The maximum price should be up to $528 or thereabout. The average price of CRM for the entire year 2028 should be about $414 per share.
Salesforce (CRM) Stock Price Prediction For 2029
As you can tell from the price history section, it is possible for the price of a stock to rise for several years and then start dropping.
According to our forecast, the Salesforce stock may not be able to sustain its growth in 2029. The stock is expected to drop a little, though there is no certainty that it will happen. As per our Salesforce stock price prediction for 2029, the minimum price is expected to be $540 while the maximum price will be about $520. The average price for the year is expected to be in the region of $580 per share.
Salesforce (CRM) Stock Price Prediction For 2030
2030 is the year we will draw the curtain in our Salesforce stock price predictions and forecasts at the moment. That’s a solid eight years from now, and we believe that the company must have made many big moves by then. We also expect the big moves to have a significant impact on the price of the stock starting from the next two years till 2030.
Our Salesforce stock price forecast in 2030 shows that the shares will improve after the expected slight drop in the previous. Accordingly, the minimum price of the stock will be $580 while the maximum price should be $540. The average price per Salesforce share should be in the region of $595.
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Should You Invest In Salesforce Stock?
At this point, it is expected that you are familiar with the way the price of Salesforce stock has changed in the past and how it will likely change in the future. Now comes the important question: should you invest in the stock?
Judging from how CRM has performed in the past, it is a really good stock. It has improved over the years and rewarded investors significantly, though there have been some bearish trends from time to time. The historical price data of the stock is encouraging.
Coming to the future of Salesforce (CRM) stock, it also looks very much like a good investment. Our forecasts show that the Salesforce stock is going to become more valuable, so you have reasons to start investing. Again, considering that the stock has been selling for just above $200, now is a good time to buy. Based on our analysis, it is a strong buy, but you can investigate further before investing.
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Salesforce Stock Price Prediction FAQs
Is Salesforce stock a profitable investment?
From all indications, Salesforce stock is a profitable investment. The price history shows that it has been growing for years and the price predictions show that it will grow more in the future. Though it is on a downtrend, it will recover and become profitable again.
Is Salesforce (CRM) stock a good investment for the future?
Yes, Salesforce looks like a solid investment for the future. The company has transformed and dominated the customer relationship management market, so we expect it to grow even bigger. Our predictions also show that the price of Salesforce stock will rise in the future, so it is a decent investment for the future.
What will the price of CRM be in the next five years?
According to our forecasts, the price of Salesforce stock will be between $410 and $490 per share in the next five years.
What will the price of CRM be in the next ten years?
Though we did not cover the price forecast of CRM for up to ten years, we have enough data to determine what it could be worth. Accordingly, the price of CRM in 2032 should be in the region of $680 per share.
Will Salesforce (CRM) stock reach $500?
The share of Salesforce can reach $500. If things progress as we expect, this can happen within the next 7 years.
Will Salesforce (CRM) stock reach $1000?
It is possible that the price of Salesforce (CRM) stock will be up to $1000 in the future. However, this may take several years. We expect that it will take about 15 years for this to happen. It can happen faster though.
Will Salesforce stock crash?
The chances of Salesforce stock crashing is unpredicted. Though, The company is the biggest in its industry and its stock is poised to grow stronger and more valuable in the coming years. We believe that the stock will never crash.
Is Salesforce stock a risky investment?
There is always an element of risk attached to any investment on the stock market, but it will not be fair to classify Salesforce stock as a risky investment. It is relatively safe when compared to cryptocurrencies and many other investment vehicles.