Salesforce Inc (CRM)

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Salesforce (CRM) Stock is Heavily in Demand
By: Lucas Downey | December 26, 2023

• Salesforce.com, Inc. (CRM) shares have more than doubled, up 101% this year. What’s incredible is how the shares have traded recently.

Salesforce Shares are Surge with Inflows

Over the past year, CRM’s stock has climbed alongside increasing volumes. That’s indicative of healthy institutional support.

Each green bar signals unusual increasing volumes in CRM shares, pushing the stock higher:


Source: www.mapsignals.com

Few stocks have charts this strong. Recent green bars suggest healthy demand. Now, let’s check the fundamental story.

Salesforce Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company interesting. As you can see, CRM has had positive sales & earnings growth in recent years:

• 3-year sales growth rate (+13.8%)
• 3-year EPS growth rate (+65%)

Source: FactSet

Now it makes sense why the stock has been powering higher. CRM is an earnings powerhouse.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.

Check this out. Salesforce has been a top-rated stock at MAPsignals. That means the stock has had unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report many times. The blue bars below shows when CRM was a top pick:


Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trend that’s hard to fight.

Salesforce Price Prediction

The CRM rally began months ago. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

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