What's Going On With Salesforce Stock Today?
Portfolio Pulse from Adam Eckert
Salesforce reported strong Q1 results with an 11% YoY increase in revenue to $8.25 billion, beating consensus estimates of $8.18 billion. Earnings per share were $1.69, surpassing estimates of $1.61. Despite the positive results, Salesforce's stock is trading lower. Several analysts have raised their price targets on the stock.
June 01, 2023 | 12:38 pm
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Salesforce reported strong Q1 results, beating revenue and earnings estimates. However, the stock is trading lower despite several analysts raising their price targets.
Salesforce reported strong Q1 results, beating both revenue and earnings estimates. Despite the positive results, the stock is trading lower, which could be due to profit-taking or market sentiment. Several analysts have raised their price targets, indicating a positive outlook for the stock in the long term, but the short-term impact is negative.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100