From Nasdaq.:

Salesforce stock has surged by 100% in 2023, outpacing the S&P 500’s 24% gain. The company’s impressive cash flow growth is a major reason for its success, with operating cash flow up 389% year over year. Although revenue growth has slowed, Salesforce’s acquisitions and bundled services have led to bigger deals and increased remaining performance obligations. With the company’s AI software becoming more widely available, revenue growth potential looks favorable. While the stock isn’t cheap, its long-term potential for positive returns is promising.

Investors should be mindful of Salesforce’s growth potential and customer trends, as the company’s stock has increased 100% this year. The possible revenue growth opportunity just within its customer base is also a good sign for investors. Overall, while the stock may not double in value again, it still presents potential positive returns in the coming year and beyond.



Read more: Salesforce Stock Doubled in 2023. Can It Do It Again in 2024?