Salesforce.com Inc (CRM) shares are trading at 154.45, up 1%. The company announces earnings on August 29 after the market close. What's driving CRM stock price? What's CRM stock price forecast?

Salesforce has been on an acquisition spree, and the M&A tempo is still going steady. The company closed its $6.5 billion acquisition of MuleSoft, a major applications integration player. In addition, Salesforce has been expanding its international operations and creating partnership the likes of Amazon and Alphabet.

MuleSoft, which diluted CRM's earnings, contributed heavily in Salesforce’s raised forecast in its last earnings report. $315 million out of $415 million in Salesforce's raised outlook for the year is coming from MuleSoft.

On today's earnings call, the company is likely to focus on its annual Dreamforce convention in late September. The conference will take over the city of San Francisco from September 24 until September 28.

What is the sentiment towards the CRM stock? Our technical analysis shows that:

The stock short-term sentiment (next 30 days) is positive;

The mid-term sentiment (3-6 months) is positive;

The long-term sentiment (9-12 months) is trending positive.

Over the last month, Salesforce.com Inc (CRM) returned +4.32%.

Salesforce.com Inc (CRM) average analyst price target ($147.48) is -3.16% below its current price ($152.30).

For the latest price and information on Salesforce.com Inc, please visit Finstead and search for "CRM price" or "CRM news".