Salesforce Gears Up For Q2: Will Earnings Validate Bullish Trend?
Portfolio Pulse from Surbhi Jain
Salesforce Inc (NYSE:CRM) is set to report its Q2 earnings, with Wall Street expecting $2.36 EPS and $9.2 billion in revenues. The stock shows a strong bullish trend, trading above key moving averages, though slightly below the 200-day average. Analysts maintain a 'Buy' rating with a price target of $295.19, indicating a potential 15% upside.

August 27, 2024 | 2:40 pm
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Salesforce is expected to report Q2 earnings with a strong bullish trend in its stock price. Analysts have a 'Buy' rating with a price target of $295.19, suggesting a 15% upside. The stock is trading above key moving averages, indicating upward momentum.
Salesforce's stock is demonstrating a strong bullish trend, trading above its five, 20, and 50-day moving averages, which indicates upward momentum. Analysts have a 'Buy' rating with a price target of $295.19, suggesting a potential 15% upside. The technical indicators, such as MACD and RSI, support a continued bullish trend, although the stock is slightly below the 200-day moving average, which suggests some caution. Overall, the positive analyst ratings and technical indicators suggest a likely positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100