Salesforce beats quarterly estimates on cloud demand, says CFO to step down
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salesforce.com (CRM) PT Raised to $275 at Wells Fargo
August 29, 2024 6:11 AM EDTWells 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 EDTEdward 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 EDTEvercore 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 EDTDA 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 EDTGoldman 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 EDTStifel 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
