Down 48% in 2022, Is Salesforce Stock a Buy for 2023?

By Parkev Tatevosian, CFA – Jan 2, 2023 at 9:00AM

NYSE: CRM

Salesforce

Market Cap

$266B

Today's Change

(0.23%) $0.62

Current Price

$274.91

Price as of April 29, 2024, 2:57 p.m. ET

Salesforce's business could be resilient in 2023 as it serves a crucial function for enterprises.

Salesforce (CRM 0.23%) helps companies optimize customer relationship management. This video will answer if the stock is a buy right now.

*Stock prices used were the afternoon prices of Dec. 30, 2022. The video was published on Jan. 1, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Salesforce. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.