Salesforce Earnings Anticipated as Jefferies Maintains $375 Price Target

Reported about 23 hours ago

Salesforce Inc (NYSE:CRM), a cloud-based CRM leader, is in the spotlight as it prepares to announce its fiscal first-quarter earnings on May 28. Jefferies maintains a 'Buy' rating with a price target of $375, predicting a 4.1% increase in earnings to $2.54 per share and a 6.6% rise in revenues to $9.74 billion. While Salesforce ranks 6th among AI stocks, some analysts caution that other AI investments may present higher potential returns.

Source: YAHOO

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