Reported 12 days ago
Salesforce shares surged following the company's announcement of target revenues exceeding $60 billion by decade's end, supported by strong AI initiatives and a $7 billion share repurchase program. Despite being down over 30% year-to-date, analysts remain optimistic about the stock's potential, supported by impressive growth in annual recurring revenue from AI, which grew over 120% year-over-year. Barchart's options data suggests positive momentum, indicating a possible further rise in the stock price.
Source: YAHOO