Salesforce Sees Strong Opportunity From Continued AI Adoption; 10 Of 12 Analysts Raise Their Forecasts
Portfolio Pulse from Priya Nigam
Salesforce Inc (NYSE:CRM) shares rose after reporting strong Q3 earnings, with analysts highlighting large deal growth, cRPO growth, and AI adoption. 10 of 12 analysts raised their price targets, citing solid results, margin improvements, and potential from AI and Data Cloud products. The company's guidance supports continued growth, and analysts see generative AI as a near-term revenue accelerator.
November 30, 2023 | 7:40 pm
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Salesforce reported strong Q3 earnings with revenue and margin growth driven by large deals and AI adoption. Analysts are optimistic, raising price targets and expecting AI to boost near-term revenue.
The positive earnings report and raised price targets by analysts suggest a bullish outlook for Salesforce. The emphasis on AI and large deal growth, along with raised guidance, indicate strong potential for short-term stock appreciation.
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