Jim Cramer Says 'Real Deal Acceleration' As Salesforce's Benioff Flaunts 'Unstoppable' Growth — But Here's Why This Analyst Prefers To Stay On Sidelines
Portfolio Pulse from Shanthi Rexaline
Salesforce (CRM) shares rose over 4% in after-hours trading following a strong quarterly performance. CEO Marc Benioff highlighted the company's growth and future potential, while Jim Cramer praised the 'real deal acceleration.' Piper Sandler raised its price target but maintained a Neutral rating due to macro uncertainties and a pending CFO departure.
August 29, 2024 | 7:25 am
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Salesforce shares rose over 4% in after-hours trading after a strong quarterly performance. CEO Benioff highlighted significant growth and future potential, while Piper Sandler raised its price target but maintained a Neutral rating due to macro uncertainties and a pending CFO departure.
Salesforce reported a strong quarter, leading to a 4% rise in after-hours trading. CEO Benioff's positive outlook and the introduction of 'AgentForce' suggest future growth. Piper Sandler's raised price target reflects confidence in the company's performance, but macro uncertainties and a pending CFO departure keep the rating Neutral.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100