Salesforce (CRM) Stock: Why It Increased Over 1.5% Today

By Amit Chowdhry ● Sep 22, 2022
  • The stock price of Salesforce (CRM) increased by over 1.5% intraday today. This is why.

The stock price of Salesforce (CRM) increased by over 1.5% intraday today. 

Why: 2022 Investor Day announcements

Details: During the 2022 Investor Day, Salesforce made a few announcements. The company announced it is targeting $50 billion in revenue in FY26 — representing 17% CAGR — with a non-GAAP operating margin of more than 25%. The company is also targeting $27.7 billion in revenue for Slack and $15.7 billion in revenue for Tableau.