salesforce.com (CRM) PT Raised to $360 at BofA Securities, 'A multi-year AI growth cycle coming into view'
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/5/2026
- Wall St slides as chip stocks fall, jobs data fuels hawkish Fed fears
- U.S. economy adds 172,000 jobs in May, topping expectations
- Citi warns global stock markets are the frothiest since 2008
- JPMorgan upgrades Tesla, sets new price target on robotaxi and Optimus potential
- Fed risks fueling a stock bubble by overlooking AI-driven inflation: BCA
- Broadcom results, guidance beat on soaring AI chip sales; stock slips after hours
- Wall St slides as chip stocks fall, jobs data fuels hawkish Fed fears
- Wells Fargo Upgrades Oscar Health Inc (OSCR) to Equal Weight 'on Greater Confidence in Exchange Market Trajectory in 2026'
- Dow claims record closing high, S&P 500 advances; chip selloff weighs on Nasdaq
- LCI Industries names interim CEO as Jason Lippert retires
salesforce.com (CRM) PT Raised to $330 at Macquarie
February 29, 2024 8:36 AM ESTMacquarie 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 ESTStocks expected to have increasing option volume: CRM SNOW MNST HPQ OKTA NTNX
... MoreFed's favorite inflation gauge, European CPIs, OpenAI - what's moving markets
February 29, 2024 4:51 AM ESTInvestng.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 dueÂ
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 ESTWolfe 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 ESTRoth/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 ESTDA 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 ESTJMP 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 ESTBarclays 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 ESTAfter-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 ESTInvesting.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 ESTBy 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 ESTSalesforce (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 ESTSalesforce (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.
... MoreWhy these analysts say "uncertainty" surrounds Salesforce's AI plans
February 28, 2024 8:30 AM ESTU.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 ESTInvesting.com --Â 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 ESTSalesforce (NYSE: CRM) March weekly 300 straddle priced for a move of 8% into the expected release of quarter results today after the bell.
... Moresalesforce.com (CRM) PT Raised to $325 at Wedbush
February 27, 2024 1:08 PM ESTWedbush 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 ESTSalesforce (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.
... MoreSalesforce'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 ESTSalesforce (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 ESTWells 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 ESTSalesforce (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
