Form 8-K Salesforce, Inc. For: Aug 28

Go back to Form 8-K Salesforce, Inc. For: Aug 28

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

August 29, 2024 6:11 AM EDT

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)

August 29, 2024 5:46 AM EDT

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)

August 29, 2024 5:34 AM EDT

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

August 29, 2024 5:31 AM EDT

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

August 29, 2024 5:25 AM EDT

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

August 29, 2024 5:10 AM EDT

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