salesforce.com (CRM) PT Lowered to $260 at Citi

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

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 $320 at Morgan Stanley

Morgan Stanley analyst Keith Weiss lowered the price target on salesforce.com (NYSE: CRM) to $320.00 (from $350.00) while maintaining a Overweight rating.

The analyst comments "Weak bookings in Q1 further test investor patience as the GenAI innovation cycle has yet to inflect top-line... More

salesforce.com (CRM) PT Lowered to $250 at Wells Fargo

Wells Fargo analyst Michael Turrin lowered the price target on salesforce.com (NYSE: CRM) to $250.00 (from $300.00) while maintaining a Equal Weight rating.

The analyst comments "FQ1 Results: (1) FQ1 top-line results were below St ests, w/total rev +11% in CC, driven by Sales & Service... More

salesforce.com (CRM) PT Lowered to $315 at Goldman Sachs

Goldman Sachs analyst Kash Rangan lowered the price target on salesforce.com (NYSE: CRM) to $315.00 (from $345.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating though lower our PT to $315 ($345 prior) after CRMs F1Q25 results largely came in lower than investors expectations. With subscription revenue growth of 12.3% and OPM of 32.1% coming in-line with expectations, cRPO growth of 9.5% 150bps weaker than... More

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

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

Futures dip, Salesforce forecast falls short of estimates - what's moving markets

Investing.com -- U.S. futures inch lower on Thursday following a drop in equities in the previous session, with concerns rising over weak Treasury sales and the outlook for possible Federal Reserve interest rate reductions. Salesforce (NYSE: CRM) shares drop in extended hours dealmaking after the business software group's second-quarter misses estimates. Elsewhere, activist investor Nelson Peltz reportedly liquidates his stake in Disney after a failed proxy battle earlier this year.

1. Futures... More

salesforce.com (CRM) PT Lowered to $230 at DA Davidson

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

The analyst comments "Salesforce reported softer than expected 1Q results following a strong 4Q as booking momentum stalled and macro headwinds persisted.... More

salesforce.com (CRM) PT Lowered to $305 at Barclays

Barclays analyst Raimo Lenschow lowered the price target on salesforce.com (NYSE: CRM) to $305.00 (from $355.00) while maintaining a Overweight rating.... More

RBC Capital Reiterates on salesforce.com (CRM): 'Tough Quarter and Disappointing Outlook'

RBC Capital analyst Rishi Jaluria reiterated an Outperform rating and $350.00 price target on salesforce.com (NYSE: CRM).

The analyst said: "Salesforce reported a rough quarter as Q1 cRPO growth of 10% cc missed guidance of 12%. The stock traded down 17% after-hours as a result. Revenue... More

After-hours movers: Salesforce, C3 AI, Agilent, UiPath and more

After-Hours Stock Movers:

Salesforce (NYSE: CRM) fell 17% after its first quarter revenue and revenue guidance missed estimates. Profession services and other revenue declined year-over-year in the first quarter.

Agilent Technologies (NYSE:... More

Salesforce slumps in afterhours trading as guidance falls short of estimates

Investing.com -- Salesforce reported Wednesday guidance for the current quarter that fell well short of analyst estimates and offset fiscal first-quarter earnings that beat Wall Street forecasts.

Salesforce Inc (NYSE: CRM) shares fell 14% in after-hours trade following the report.

Fiscal... More

Salesforce shares tumble as soft cloud demand hurts forecasts

By Zaheer Kachwala

(Reuters) -Salesforce forecast second-quarter profit and revenue below Wall Street estimates on Wednesday due to weak client spending on its cloud and enterprise business products, sending its shares down more than 16% after the bell.

It expects revenue between $9.20 billion and $9.25 billion compared with estimates of $9.37 billion, according to LSEG data.

Salesforce's forecast pointed to clients scaling back spending as the possibility of higher-for-longer interest rates and elevated inflation prompt them to keep costs under control.

Salesforce (CRM) Tops Q1 EPS by 7c, Offers Guidance

Salesforce (NYSE: CRM) reported Q1 EPS of $2.44, $0.07 better than the analyst estimate of $2.37. Revenue for the quarter came in at $9.13 billion versus the consensus estimate of $9.15 billion.

GUIDANCE:

Salesforce sees Q2 2025 EPS of $2.34-$2.36, versus the consensus of $2.40. Salesforce sees Q2... More

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

Salesforce (NYSE: CRM) May weekly call option implied volatility is at 110, June is at 42; compared to its 52-week range of 20 to 51 into the expected release of quarter results today after the bell.

Midday movers: Marathon Oil, Dick's and Chewy rise; American Airlines falls

(Updated - May 29, 2024 11:57 AM EDT)

Investing.com -- U.S. stock futures fell Wednesday, with investors concerned that the Federal Reserve may keep interest rates elevated for longer than previously expected.

Here are some of the biggest U.S. stock movers today:

Nvidia (NASDAQ: NVDA) stock fell 0.25%, paring gains slightly after the tech giants hefty 7% gains the previous session.

American Airlines (NASDAQ: AAL) stock sank 15% after it cut its... More

Here's what to expect when Salesforce reports earnings

Cloud software giant Salesforce (NYSE: CRM) is set to unveil its latest earnings report for the fiscal Q1 2025 after the closing bell on Wednesday. Among other things, investors will mainly be examining trends in the companys data cloud segment and any new updates concerning its AI endeavors.

Wall Street expects Salesforce to post revenue of $9.15 billion for the first quarter, down from the previous quarter but up from $8.25 billion in the same period in 2024, according to estimates compiled by Visible Alpha.

Net income is forecasted to be $1.44 billion, a slight sequential... More

Salesforce (CRM) call put ratio 1.3 calls to 1 put into quarter results

Salesforce (NYSE: CRM) May weekly 270 straddle priced for a move of 7% into the expected release of quarter results today after the bell.

Stocks expected to have increasing option volume: CRM HPQ A BOX HOOD CAVA UAL AAL JBLU LUV DAL

Stocks expected to have increasing option volume: CRM HPQ A BOX HOOD CAVA UAL AAL JBLU LUV DAL

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

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

Wedbush Reiterates Outperform Rating on salesforce.com (CRM)

Wedbush analyst Daniel Ives reiterated an Outperform rating and $325.00 price target on salesforce.com (NYSE: CRM).

The analyst commented, "Over the past 18 months Salesforce had their back against the wall with activists swirling, growth/margins less than stellar, and Street skeptics... More

Salesforce (CRM) call put ratio 1 call to 1 put into quarter results

Salesforce (NYSE: CRM) May weekly call option implied volatility is at 91, June is at 41; compared to its 52-week range of 20 to 51 into the expected release of quarter results after the bell on May 29.

Stocks expected to have increasing option volume: CRM HPQ A GME

Stocks expected to have increasing option volume: CRM HPQ A GME