CRM - Will Salesforce Be a Trillion-Dollar Stock by 2030?
2024-05-22 05:22:00 ET
Salesforce (NYSE: CRM) is one of the world's largest cloud software companies, but it's still much smaller (as measured by market cap) than Amazon , Microsoft , and Alphabet -- which all saw their market caps cross the trillion-dollar mark in recent years. Valued at $280 billion, Salesforce would still need to nearly quadruple its market cap to join the four-comma club.
That might sound like a lofty goal, but Salesforce was only worth $28 billion 10 years ago. Let's review its growth rates, long-term catalysts, and valuations to see if it has a shot at becoming a trillion-dollar company by the end of the decade.
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Will Salesforce Be a Trillion-Dollar Stock by 2030?