Salesforce is a CRM and cloud based computing company based in the USA. Revenue is strong and will likely continue in the future.

Salesforce Inc (NASDAQ: "CRM") is a US based crm, cloud and App development computing company. The pandemic has seen a large rise in sales and presence in the modern world, hence a 131% bounce from the March COVID lows.

From a financial aspect Salesforce is very good. Total market capitalisation is $259.4bn with 2020 revenue at $21.25bn and a profit after tax of $4.07bn, though this did include a rebate of $1.5bn. Looking at this year if numbers continue revenue will be in the region of $24.6bn with a profit after tax of $2bn. Looking at the balance sheet cash on hand in the most recent recorded quarter was $15bn with total assets at $64.86bn. Total liabilities were low though at $22.3bn, leaving net positive assets of $42.56bn. This gives Salesforce a L/A ratio of 34.4%, well below market average which is good.

From a technical aspect the stock is strong. MACD is positive with RSI reading 65.7, suggesting more upside is possible and very likely. The stock does sit at the top of the upper Bollinger band (yellow lines on the chart) which could suggest a pullback is possible before long. Looking to the upside targets are the highs of $284 followed by $300. To the downside, the major support and 'floor' for the stock is the $230-$240 region.

Overall Salesforce is a very good company and a good addition to any portfolio as it allows exposure to CRM and cloud computing. As society heads towards are more technological world Salesforce will likely grow with the trend and one day very be a $1tr company.