Salesforce's AI Strategy Is 'Firming Up': 4 Analysts On Q1 Print, Outlook
Portfolio Pulse from Priya Nigam
Salesforce (CRM) shares dropped despite reporting upbeat Q1 revenues and earnings. Analysts from Piper Sandler, Mizuho Securities, Needham, and Oppenheimer shared their insights on the company's performance and outlook, with most maintaining positive ratings and raising price targets.

June 01, 2023 | 4:15 pm
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Salesforce shares declined despite strong Q1 results. Analysts maintain positive outlook and raise price targets.
Salesforce reported strong Q1 results, but its shares declined. Analysts from Piper Sandler, Mizuho Securities, Needham, and Oppenheimer maintained positive ratings and raised price targets, indicating a positive outlook for the company. However, the stock price drop suggests that the market may have had different expectations, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100