These Analysts Cut Their Forecasts On Salesforce After Q1 Results
Portfolio Pulse from Avi Kapoor
Salesforce Inc (NYSE:CRM) reported mixed Q1 results with earnings beating estimates but revenue missing expectations. The company issued weak guidance for Q2 and full-year 2025. Analysts from Piper Sandler, Baird, and Morgan Stanley have cut their price targets on Salesforce following the results.
May 30, 2024 | 12:37 pm
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Salesforce reported mixed Q1 results with earnings beating estimates but revenue missing expectations. The company issued weak guidance for Q2 and full-year 2025. Analysts from Piper Sandler, Baird, and Morgan Stanley have cut their price targets on Salesforce following the results.
Salesforce's mixed Q1 results, coupled with weak guidance for Q2 and full-year 2025, have led analysts to cut their price targets. This is likely to put downward pressure on the stock in the short term.
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