What To Expect From Salesforce Q2? Analyst Sees Mixed Business Trends
Portfolio Pulse from Anusuya Lahiri
Oppenheimer analyst Brian Schwartz reiterated an Outperform rating on Salesforce, Inc. (NYSE:CRM) with a price target of $235. Despite mixed business trends, Schwartz sees a slightly positive earnings risk for Salesforce ahead of its Q2 results. He detected improvement in the demand environment and stabilizing trends in sales operations. Schwartz estimates Q2 total revenue of ~$8.52 billion (+10% year/year) and $1.90 in adjusted EPS.
August 24, 2023 | 6:03 pm
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Salesforce's Q2 results are expected to be slightly positive despite mixed business trends. The company's demand environment and sales operations are improving, according to Oppenheimer analyst Brian Schwartz.
The analyst's positive outlook on Salesforce's Q2 results, despite mixed business trends, indicates potential growth. The improvement in the demand environment and sales operations also suggests a positive impact on the company's performance.
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