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NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-06-16
Intact
$161.74-1.71%
Close 2026-06-16 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is strong, but management's recent track record has been unsteady, with frequent disruptive corporate changes. Earnings quality is mixed, and risk is elevated, while the sector backdrop is a tailwind, helping the company. Peer multiples imply a price about 30% above where it trades (it looks cheap on this basis); the read is cheap, quality intact. Key factors to watch include potential guidance cuts and the performance of sector bellwethers, which could influence CRM's trajectory. This assessment is provisional.
as of 2026-06-16
Quick facts
- Exchange
- NYSE
- Sector
- Information Technology
- Industry
- Software - Application
- Market cap
- $135.86B
- Employees
- 83,334
- IPO date
- 2003-12-18
- Next earnings
- 2026-09-02
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 8 valuation methods, at three horizons. Current price $161.74. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfair
$217.00consensus
Range $163.62 – $271.26
vs price: -25% below
Method agreement — · 8 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$312.37consensus
Range $223.61 – $477.71
vs price: -48% below
Method agreement — · 6 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Cheap vs peershigh confidence
At $162 CRM trades at 13× p/e, below its 21× p/e peer median. Our $225 fair value sits above the price; high confidence. Analysts: $215–$325. Not investment advice.
Multiple (P/E)
12.6x
peer 21.0x · own history 29.1x
Premium
0.6x peer
0.4x its own history
Growth the price needs
-30%
our forecast 1%
Our fair value
$225.30
range $163.62 – $271.26
Analyst range(a guide on our number, not a target)Our number is in the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
faircheap — quality intact12-month view
What's priced inJustified
The price implies about 30% below a flat-multiple fair value, below our forecast of about 1%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
No fragility gates fired. Regime (Mania) does not concentrate fragility.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
strongOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated strong grew net income 73% of the time over the next year (vs 58% for the rest of the cohort, n=2777).
78th pctl · Information Technology
Earnings quality
neutralOver the trailing year it converted 2.13x of net income into operating cash flow. Historically, Information Technology names rated neutral grew net income 62% of the time over the next year (vs 58% for the rest of the cohort, n=2831).
65th pctl · Information Technology
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
Management & capital allocation
volatileEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullish40 analysts, 77% Buyfor period ending 2026-07-31
Why this setup
Consensus revisions
EPS estimate $3.24 → $3.27 (+1.0% / 30d). 24 raised, 11 cut, 40 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 18 maintained. 77% of analysts rate Buy.
Price target activity
4 PT revisions / 30d. Avg target 51.0% above current price.
Material events
1 positive, 0 negative / 30d. See F4 management tile for the event list.
Market and fundamentals agree. Analysts are positioned bullishly on a fundamentally strong name.
Sector context
Intermediate · WeeklyManagement scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- neutral
- Margin discipline
- strong
- Balance sheet
- neutral
- Post-call reaction
- strong
Met or beat guidance 100% of the last 1 guided quarters · 157.4% avg surprise
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$197.
How much price usually moves either way.
On a bad day, this stock has moved -$394.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $4,055.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-16
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- label change · valuation_labelsmall change
Valuation label changed from 'inexpensive' to 'fair'.
No material changes since the prior snapshot.
as of 2026-06-16
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideHigh confidenceMonthsactive 4d
Watch for the closing of the Informatica deal.
Why it matters: Closing the Informatica deal will help Salesforce manage data better. This matters for AI growth.
What confirms / what disproves
Confirms:The deal closes successfully with all approvals by early FY27.
Disproves:The deal faces delays or does not get the needed approvals.
Material eventSource dated 2025-05-27
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
- 2026-05-2820d agoSeeking Alpha
Advances: Initiate FY27 operating cash flow growth guidance of 9% - 10%
Operating cash flow growth guidance aligns with growth objective.
Strongly reinforcesConfirmed
This sector is also watching
- Watch for revenue growth in IT sector dropping below median
- Watch for FOMC decisions impacting tech investment
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for CRM and other Tech names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like SAP, CDNS, and NOW keep beating earnings and guiding higher, the Tech sector momentum should keep lifting CRM and other Tech names. Worth watching these names for early signals.
- If CRM raises forward guidance on the next earnings call (currently INITIATED as of 2026-05-27), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If CRM cuts guidance on the next call (currently INITIATED as of 2026-05-27), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like SAP, CDNS, and NOW start missing or guiding lower, the Tech tailwind helping CRM and other Tech names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-2721d agoItem 2.02
Results of Operations and Financial Condition. On May 27, 2026, Salesforce, Inc. (the “Company”) issued a press release announcing its results for the fiscal quarter ended April 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein. The information furnished with this Item 2.02, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1…
Earnings preannouncementpositive
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
About the same as last weeklatest as of 2026-06-17
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.