Salesforce Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Salesforce, Inc. (CRM) is expected to release its Q3 earnings after market close on Nov. 29, 2023, with anticipated earnings of $2.06 per share and revenue of $8.73 billion. The company previously reported better-than-expected Q2 results and provided strong FY24 guidance. CRM shares slightly increased by 0.1% to $224.92 recently. Analysts have made various adjustments to CRM's price targets, with Citigroup raising it to $247, Keybanc reducing it to $268, BMO Capital lowering it to $252, Piper Sandler cutting it to $232, and Truist Securities maintaining it at $275.
November 29, 2023 | 2:49 pm
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Salesforce (CRM) is anticipated to report Q3 earnings with expected growth compared to last year. Analysts have revised price targets with mixed changes, indicating varied expectations. The stock saw a minor increase recently.
The mixed price target changes from analysts suggest uncertainty about the stock's direction post-earnings. The slight stock increase indicates a neutral market sentiment ahead of the earnings release. The importance is high due to the upcoming earnings report, but confidence is not at maximum due to the mixed signals from analysts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100