salesforce.com (CRM) PT Raised to $360 at BofA Securities, 'A multi-year AI growth cycle coming into view'

Go back to salesforce.com (CRM) PT Raised to $360 at BofA Securities, 'A multi-year AI growth cycle coming into view'

salesforce.com (CRM) PT Raised to $330 at Macquarie

February 29, 2024 8:36 AM EST

Macquarie analyst Sarah Hindlian-Bowler raised the price target on salesforce.com (NYSE: CRM) to $330.00 (from $300.00) while maintaining a Outperform rating.

The analyst comments "CRM delivered again in the final quarter of FY'24; posting revenue of $9.29bn (FactSet cons. $9.22bn) and healthy 12%... More

Stocks expected to have increasing option volume: CRM SNOW MNST HPQ OKTA NTNX

February 29, 2024 5:10 AM EST

Stocks expected to have increasing option volume: CRM SNOW MNST HPQ OKTA NTNX

... More

Fed's favorite inflation gauge, European CPIs, OpenAI - what's moving markets

February 29, 2024 4:51 AM EST

Investng.com -- The week's inflation watch is nearly over, with key data from the U.S. and Europe due for release later in the session. Wall Street looks set to open lower, but is on track to register gains in February, while the turmoil at the board level of Open AI faces a potential SEC investigation.


1. Feds favorite inflation gauge due 

The weeks main focal point is due later Thursday, January's personal consumption expenditures (PCE) price data, widely seen as the Federal Reserves preferred inflation... More

salesforce.com (CRM) PT Raised to $365 at Wolfe Research

February 29, 2024 4:21 AM EST

Wolfe Research analyst Alex Zukin raised the price target on salesforce.com (NYSE: CRM) to $365.00 (from $315.00) while maintaining a Outperform rating.... More

salesforce.com (CRM) PT Raised to $335 at Roth/MKM

February 29, 2024 4:13 AM EST

Roth/MKM analyst Richard Baldry raised the price target on salesforce.com (NYSE: CRM) to $335.00 (from $265.00) while maintaining a Buy rating.... More

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

February 29, 2024 4:11 AM EST

DA Davidson analyst Gil Luria raised the price target on salesforce.com (NYSE: CRM) to $300.00 (from $230.00) while maintaining a Neutral rating.... More

salesforce.com (CRM) PT Raised to $342 at JMP Securities

February 29, 2024 3:56 AM EST

JMP Securities analyst Patrick Walravens raised the price target on salesforce.com (NYSE: CRM) to $342.00 (from $293.00) while maintaining a Market Outperform rating.... More

salesforce.com (CRM) PT Raised to $355 at Barclays

February 29, 2024 3:43 AM EST

Barclays analyst Raimo Lenschow raised the price target on salesforce.com (NYSE: CRM) to $355.00 (from $325.00) while maintaining a Overweight rating.... More

After-hours movers: Salesforce, HP Inc., Snowflake and more

February 28, 2024 4:50 PM EST

After-Hours Stock Movers:

HP Inc. (NYSE: HPQ) declined 4% after revenue for its first quarter missed consensus estimates. EPS was in-line due to better than expected margin.

Salesforce (NYSE: CRM) fell 4.6% after the customer relationship management... More

Salesforce rolls out first-ever dividend as Q4 results, guidance beat estimates

February 28, 2024 4:22 PM EST

Investing.com -- Salesforce on Wednesday delivered upbeat guidance and posted better-than-expected fourth-quarter earnings as a step up in enterprise spending bolstered performance, paving the way for the cloud software maker to roll out its first quarterly dividend and upgrade its stock buyback plan.

For the three months... More

Salesforce sees annual revenue below estimates on weak cloud demand

February 28, 2024 4:06 PM EST

By Zaheer Kachwala

(Reuters) -Salesforce expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading.

The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients grapple with high interest rates and rising inflation, compelling them to keep a lid on costs.

The company sees revenue between $37.7 billion to $38... More

Salesforce (CRM) Tops Q4 EPS by 2c, Offers Guidance

February 28, 2024 4:03 PM EST

Salesforce (NYSE: CRM) reported Q4 EPS of $2.29, $0.02 better than the analyst estimate of $2.27. Revenue for the quarter came in at $9.29 billion versus the consensus estimate of $9.22 billion.

GUIDANCE:

Salesforce sees Q1 2025 EPS of $2.37-$2.39, versus the consensus of $2.20. Salesforce sees Q1... More

Salesforce (CRM) March weekly option implied volatility into quarter results

February 28, 2024 11:02 AM EST

Salesforce (NYSE: CRM) March weekly call option implied volatility is at 128, March is at 55; compared to its 52-week range of 20 to 51 into the expected release of quarter results today after the bell.

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Why these analysts say "uncertainty" surrounds Salesforce's AI plans

February 28, 2024 8:30 AM EST

U.S. software group Salesforce is set to unveil its fourth-quarter returns after the closing bell on Wednesday.

Revenue is expected to have jumped by 10% to $9.22 billion, helping lift the California-based group back into profit after it posted a loss due to restructuring charges in the year-ago period.

Salesforce's data cloud unit may also be in the spotlight, with observers... More

Futures lower, Salesforce to report, Tesla's Roadster - what's moving markets

February 28, 2024 5:53 AM EST

Investing.com -- U.S. stock futures tick down on Wednesday ahead of crucial economic data releases this week. Salesforce (NYSE: CRM) is expected to post record quarterly revenue, while analysts are eager to measure the success of an artificial intelligence push at the software group's data cloud division. Elon Musk says Tesla has finished the production design of its new Roadster, adding that the electric vehicle giant hopes to start shipping the car in 2025.


1. Futures edge lower


Stock futures on Wall Street pointed... More

Salesforce (CRM) March weekly 300 straddle priced into quarter results

February 28, 2024 5:16 AM EST

Salesforce (NYSE: CRM) March weekly 300 straddle priced for a move of 8% into the expected release of quarter results today after the bell.

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salesforce.com (CRM) PT Raised to $325 at Wedbush

February 27, 2024 1:08 PM EST

Wedbush analyst Daniel Ives raised the price target on salesforce.com (NYSE: CRM) to $325.00 (from $280.00) while maintaining a Outperform rating.... More

Salesforce (CRM) March weekly option implied volatility into quarter results

February 27, 2024 10:50 AM EST

Salesforce (NYSE: CRM) March weekly call option implied volatility is at 103, March is at 52; compared to its 52-week range of 20 to 51 into the expected release of quarter results after the bell on February 28.

... More

Salesforce's (CRM) Einstein Copilot is Here: The Conversational AI Assistant for CRM that Delivers Trusted AI Responses Grounded with Your Company Data

February 27, 2024 8:02 AM EST

Salesforce (NYSE: CRM), the #1 AI CRM, today announced the public beta availability of Einstein Copilot, a new customizable, conversational, and generative AI assistant for CRM.

Unlike other AI assistants or copilots that lack adequate company data to generate useful responses, Einstein Copilot enables Salesforce customers to generate responses using their own private and trusted data, while maintaining strict data governance... More

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

February 27, 2024 5:37 AM EST

Wells Fargo analyst Michael Turrin raised the price target on salesforce.com (NYSE: CRM) to $300.00 (from $290.00) while maintaining a Equal Weight rating.... More

Salesforce (CRM) March weekly 300 straddle into quarter results

February 27, 2024 4:58 AM EST

Salesforce (NYSE: CRM) March weekly 300 straddle priced for a move of 8% into the expected release of quarter results after the bell on February 28.

... More