Previous Close | €222.90 |
AI Value | €193.81 |
Upside potential | -13% |
Salesforce, Inc. (traded as FOO.DE on the Frankfurt Stock Exchange) is a global leader in cloud-based customer relationship management (CRM) software. The company provides a comprehensive suite of enterprise applications focused on sales, customer service, marketing automation, analytics, and application development. Salesforce dominates the CRM market with an estimated 23.8% market share as of 2023, significantly ahead of competitors like Microsoft and Oracle. Its core competitive advantages include a first-mover advantage in SaaS CRM, a robust ecosystem of third-party applications via its AppExchange platform, and strong brand recognition among enterprise customers. The company operates on a subscription-based revenue model, which provides high visibility into future earnings.
Holds over 3,000 patents globally. Significant R&D investment ($5.1 billion in FY2023) focused on AI (Einstein GPT), data analytics (Tableau), and industry-specific cloud solutions. Recognized as a leader in Gartner's Magic Quadrant for CRM for 10 consecutive years.
Salesforce remains a high-quality compounder in enterprise software with durable competitive advantages, though growth is decelerating from historic levels. The stock offers exposure to secular trends in cloud adoption and digital transformation, balanced by valuation concerns (currently trading at 6.5x forward sales) and execution risks in integrating recent acquisitions. Near-term performance will depend on macroeconomic recovery in IT budgets and successful upselling of AI capabilities. Risk-tolerant investors may find current levels attractive for long-term holding.
Salesforce FY2023 10-K FilingIDC Worldwide Semiannual Software Tracker (2023)Gartner Magic Quadrant for CRM (2023)Company Investor Day Presentation (September 2023)Bloomberg Intelligence Cloud Software Analysis
Historical valuation data is not available at this time.