Salesforce (CRM) May weekly 272 straddle into quarter results

Go back to Salesforce (CRM) May weekly 272 straddle into quarter results

salesforce.com (CRM) PT Raised to $234 at Bernstein SocGen Group

May 30, 2024 6:06 AM EDT

Bernstein SocGen Group analyst Mark Moerdler raised the price target on salesforce.com (NYSE: CRM) to $234.00 (from $231.00) while maintaining a Underperform rating.

The analyst comments "Salesforce had a difficult quarter with misses in revenue, margins, and leading indicators like cRPO, a weak Q2... More

salesforce.com (CRM) PT Lowered to $300 at Evercore ISI

May 30, 2024 5:12 AM EDT

Evercore ISI analyst Kirk Materne lowered the price target on salesforce.com (NYSE: CRM) to $300.00 (from $330.00) while maintaining a Outperform rating.

The analyst comments "Sort of a messy quarter as revenue came in on the lower end of the guide and bookings were light based on a tougher macro and some GTM changes that impacted execution. Given the uneven macro backdrop, the bigger question coming away from the quarter is whether the top line guide is conservative enough and that concern is pressuring shares in the after-market. While... More

Evercore ISI Reiterates Outperform Rating on salesforce.com (CRM)

May 29, 2024 5:14 AM EDT

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $330.00 price target on salesforce.com (NYSE: CRM).

The analyst comments "In case you missed our weekly note over the weekend, we wanted to resend our thoughts heading into F1Q EPS tomorrow evening. On the whole, we expect beat and bracket results with some modest upside vs. F1Q expectations across subs revenue, CRPO, and op. margins. We... More

Citi Reiterates Neutral Rating on salesforce.com (CRM)

May 28, 2024 5:19 AM EDT

Citi analyst Tyler Radke reiterated a Neutral rating and $323.00 price target on salesforce.com (NYSE: CRM).

The analyst comments "Last week we attended Salesforces annual marketing and commerce focused Connections event in Chicago, attending keynotes and speaking to a ~dozen partners. Most partners... More