Forecast Of The Day: Salesforce Cloud-Based CRM Revenue

October 14th, 2022 by Trefis Team
-5.60%
Downside
326
Market
307
Trefis
CRM: Salesforce logo
CRM
Salesforce

What?

Salesforce (NASDAQ:CRM) Cloud-Based Customer Relationship Management Revenue rose from around $9.6 billion in 2019 to $13.7 billion in 2021. Trefis expects the metric to grow to about $19 billion by 2023.

Why?

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We expect growth to be driven by high growth in the on-demand (cloud-based) portion of the CRM software market and improvements to the company’s product.

So What?

We remain positive on CRM stock with a $224 price estimate, which is almost 55% ahead of the current market price.

See Our Complete Analysis For Salesforce.com

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