Salesforce Charts Indicate Robust Bullish Trend Ahead Of Q4 Earnings
Portfolio Pulse from Surbhi Jain
Salesforce (NYSE:CRM) is set to report its Q4 earnings on Feb. 28, with Wall Street expecting $2.26 EPS and $9.23 billion in revenues. Technical analysis indicates a strong bullish trend for CRM stock, trading above key moving averages and showing positive momentum. However, the RSI suggests caution due to potential overbought conditions. Analyst consensus rates CRM as a Buy, with a price target suggesting a 4% downside to a 9.7% upside. The stock closed at $300.39 on Feb. 26.
February 27, 2024 | 2:50 pm
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Salesforce's strong bullish trend and positive analyst ratings suggest potential short-term upside, but caution is advised due to near-overbought conditions.
Salesforce's stock is showing strong bullish signals based on its trading above key moving averages and positive MACD indicator. Analyst consensus rating as a Buy with a potential upside in price targets further supports short-term growth. However, the near-overbought RSI levels introduce a note of caution, suggesting the possibility of a pullback or consolidation in the near term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100