Salesforce hits the top and bottom lines. What the pros say to do next
Market Movers gathered the latest thoughts on Salesforce from investors and analysts. The pros discussed the software company’s latest quarterly results, which were released after the closing bell on Wednesday. Salesforce reported better-than-expected earnings and revenue. The company also raised its guidance for the full year. Goldman Sachs analyst Kash Rangan raised his price target by $15 to $340 per share, giving the stock 58% upside. Salesforce CEO Marc Benioff said he sees potential ahead through artificial intelligence. “We are leading our customers into the new AI era,” he said in a statement. The stock card is currently in the portfolio of the Jim Cramer Charitable Trust.
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