Salesforce Announces Second Quarter Fiscal 2025 Results

salesforce.com (CRM) PT Raised to $275 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the price target on salesforce.com (NYSE: CRM) to $275.00 (from $250.00) while maintaining a Equal Weight rating.

The analyst comments "Solid FQ2 results: FQ2 revs topped guide by 0.8%, improving from recent beats (incl. 0.4% miss in FQ1) on 9.2% growth... More

Edward Jones Reiterates Buy Rating on salesforce.com (CRM)

Edward Jones analyst Logan Purk reiterated a Buy rating on salesforce.com (NYSE: CRM).

The analyst comments "Salesforce is the leading provider of customer relationship management (CRM) software. We believe Salesforce is well-positioned to deliver above-average growth. As more companies expand their digital... More

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

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $300.00 price target on salesforce.com (NYSE: CRM).

The analyst comments "Bottom line: CRM delivered solid F2Q results and a nice bounce back from an execution standpoint after a disappointing F1Q. Specifically, subscription revenue of +9.5% came in slightly ahead of our/Street estimates at ~8.5%, and CRPO growth of ~10% (11% in cc) was ahead of our/Street estimates of ~9%. F3Q CRPO guidance of ~9% landed directly in the middle of us/Street at ~8.5%/9.3%, though we would note does include a ~$100mn FX tailwind. While we... More

salesforce.com (CRM) PT Raised to $250 at DA Davidson

DA Davidson analyst Gil Luria raised the price target on salesforce.com (NYSE: CRM) to $250.00 (from $230.00) while maintaining a Neutral rating.

The analyst comments "Salesforce reported better than expected results including cRPO growth outperformance driven by bookings execution and early renewal tailwinds.... More

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

Goldman Sachs analyst Kash Rangan raised the price target on salesforce.com (NYSE: CRM) to $325.00 (from $315.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating and raise our PT to $325 ($315 prior) as we see F2Q25 offering a relief for investors as the results largely affirmed a stabilizing demand environment and the reiteration of FY top-line guidance... More

salesforce.com (CRM) PT Raised to $320 at Stifel

Stifel analyst Parker Lane raised the price target on salesforce.com (NYSE: CRM) to $320.00 (from $300.00) while maintaining a Buy rating.

The analyst comments "Contrary to last quarter, stronger bookings and cRPO figures drove shares higher AMC, driven by improved sales execution and early renewal... More

Salesforce (CRM) CFO Amy Weaver to Step Down

Salesforce (NYSE: CRM) announced:

Chief Financial Officer Transition

Amy Weaver has made the decision to step down from her role as President and Chief Financial Officer at Salesforce. She will remain CFO until a successor is appointed. After that time, Amy will be an advisor to... More

Salesforce (CRM) Tops Q2 EPS by 21c, Offers Guidance

(Updated - August 28, 2024 4:06 PM EDT)

Salesforce (NYSE: CRM) reported Q2 EPS of $2.56, $0.21 better than the analyst estimate of $2.35. Revenue for the quarter came in at $9.33 billion versus the consensus estimate of $9.22 billion.

GUIDANCE:

Salesforce sees FY2025 EPS of $10.03-$10.11,... More