Salesforce (CRM) Edges Higher On a Beat-and-Raise Quarter, Analysts Positive
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August 26, 2021 10:48 AM EDT
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
August 26, 2021 7:41 AM EDT
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.
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August 26, 2021 7:21 AM EDT
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
August 26, 2021 6:59 AM EDT
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
August 26, 2021 6:37 AM EDT
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
August 26, 2021 6:19 AM EDT
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
August 26, 2021 6:13 AM EDT
Credit Suisse analyst Stephen Ju raised the price target on salesforce.com (NYSE: CRM) to $290.00 (from $260.00) while maintaining a Outperform rating.... More
August 26, 2021 5:51 AM EDT
Oppenheimer analyst Brian Schwartz raised the price target on salesforce.com (NYSE: CRM) to $290.00 (from $265.00) while maintaining a Outperform rating.... More
August 26, 2021 5:50 AM EDT
Citi analyst Walter Pritchard raised the price target on salesforce.com (NYSE: CRM) to $280.00 (from $250.00) while maintaining a Neutral rating.... More
August 26, 2021 4:57 AM EDT
Barclays analyst Raimo Lenschow raised the price target on salesforce.com (NYSE: CRM) to $320.00 (from $291.00) while maintaining a Overweight rating.... More
August 25, 2021 4:06 PM EDT
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
