Salesforce Stock Outlook: Is Wall Street Bullish or Bearish?

San Francisco-based Salesforce, Inc. (CRM), with a market capitalization of $307.8 billion, is a premier provider of Customer Relationship Management (CRM) technology, designed to strengthen connections between companies and their customers. The company delivers a comprehensive suite of on-demand CRM solutions spanning sales, marketing, customer service, analytics, and custom application development.

Shares of CRM have outperformed the broader market over the past year. CRM has gained 52.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 36.8%. However, in 2024, CRM shares are up 22.4%, while SPX shares are up 25.7% on a YTD basis.