What's Going On With Salesforce Stock Wednesday?
Portfolio Pulse from Adam Eckert
Salesforce Inc (NYSE:CRM) shares are in focus ahead of its earnings report. Analysts expect earnings of $2.38 per share and revenue of $9.147 billion. Salesforce has a history of beating estimates and recently declared its first-ever cash dividend and increased its share repurchase program by $10 billion. Recent analyst ratings include an Outperform from RBC Capital, a price target cut from Wells Fargo, and a Buy from Goldman Sachs.
May 29, 2024 | 4:01 pm
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Salesforce is expected to report earnings of $2.38 per share and revenue of $9.147 billion. The company has a strong track record of beating estimates. Recent analyst ratings include an Outperform from RBC Capital, a price target cut from Wells Fargo, and a Buy from Goldman Sachs.
Salesforce has a history of beating earnings and revenue estimates, which generally leads to positive short-term price movements. The recent analyst ratings and the company's strategic moves, such as the dividend and share repurchase program, further support a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100