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Salesforce Poised For Continued Growth, Despite Forex Headwinds And AI Development Delays, Says Analyst

Benzinga ·  May 23 15:17

Wells Fargoanalyst Michael Turrin maintainedSalesforce Inc(NYSE:CRM) with an Equal-Weight and lowered the price target from $310 to $300.

Oppenheimeranalyst Brian Schwartz reiterated an Outperform rating on Salesforce with a price target of $325.

Schwartz's earnings preview research mosaic points to mixed business trends and negative FX headwinds in the first quarter of fiscal 2025, which foretell little change to estimates and fundamentals but durable margin improvement and EPS growth that support valuation multiples.

Also Read:Salesforce's AI Innovations, Partner Network Expansion Impress Analyst

The analyst's field checks were mixed for Salesforce's business momentum and...

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