Salesforce Announces Strong Second Quarter Fiscal 2022 Results

salesforce.com (CRM) PT Raised to $300 at Monness, Crespi, Hardt

Monness, Crespi, Hardt analyst Brian White raised the price target on salesforce.com (NYSE: CRM) to $300.00 (from $290.00) while maintaining a Buy rating.

The analyst commented, "Last night, Salesforce reported strong 2Q:FY22 results and issued a healthy 3Q:FY22 outlook, while increasing its... More

salesforce.com (CRM) PT Raised to $320 at BofA Securities

BofA Securities analyst Brad Sills raised the price target on salesforce.com (NYSE: CRM) to $320.00 (from $300.00) while maintaining a Buy rating following earnings.

Salesforce (CRM) Edges Higher On a Beat-and-Raise Quarter, Analysts Positive

Shares of Salesforce (NYSE: CRM) are up nearly 3% in pre-open Thursday after the cloud-based software company delivered another beat-and-raise quarterly performance.

CRM reported Q2 EPS of $1.48 to easily top the analyst estimate of $0.92. Revenue for the quarter came in at $6.34 billion versus the consensus estimate of $6.24 billion.

With companies and governments around the world continuing to accelerate their digital transformations, we delivered our fifth phenomenal quarter in a row. Salesforce has never seen better execution or... More

salesforce.com (CRM) PT Raised to $305 at Canaccord Genuity

Canaccord Genuity analyst David Hynes Jr. raised the price target on salesforce.com (NYSE: CRM) to $305.00 (from $270.00) while maintaining a Buy rating followin gearnings.

The analyst commented, "Salesforce posted strong results versus a difficult comparison as 23% cRPO growth came in 3 points ahead of guidance/consensus of the upside, a point came from Slack outperformance and the balance from core Salesforce. Our sense was that execution... More

salesforce.com (CRM) PT Raised to $300 at UBS

UBS analyst Jennifer Swanson Lowe raised the price target on salesforce.com (NYSE: CRM) to $300.00 (from $280.00) while maintaining a Buy rating following earnings.

The analyst commented, "Salesforce posted a solid quarter marked by both better-than-expected growth momentum but also by continued margin... More

salesforce.com (CRM) PT Raised to $300 at Cowen

Cowen analyst Derrick Wood raised the price target on salesforce.com (NYSE: CRM) to $300.00 (from $290.00) while maintaining an Outperform rating following earnings.

The analyst commented, "CRM reported a strong 2Q w/ cRPO bookings growth of ~21% cc above our ~13% est. Strength was led by... More

salesforce.com (CRM) PT Raised to $300 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz raised the price target on salesforce.com (NYSE: CRM) to $300.00 (from $290.00) while maintaining a Buy rating following earnings.

The analyst commented, "CRM reported a good upside F2Q, led by Current RPO growth of 23% Y/Y... More

Salesforce (CRM) Tops Q2 EPS by 56c; Raises Outlook

Salesforce (NYSE: CRM) reported Q2 EPS of $1.48, $0.56 better than the analyst estimate of $0.92. Revenue for the quarter came in at $6.34 billion versus the consensus estimate of $6.24 billion.

With companies and governments around the world continuing to accelerate their digital transformations, we delivered... More