What analysts think about Salesforce actions before earnings

Salesforce (CRM) is to report the results in the first rotary quarter after a closed bell on Wednesday, and analysts largely stubborn in the actions of the cloud software company.

Of the 23 analysts followed by Visible Alpha 18, “buy” or equivalent to shares, with four ratings “hold” and one “sales”. Their target price in the amount of around USD 364 would suggest 33% plus from Friday closing. Until now, Salesforce shares have dropped by about 18%.

It is expected that the giant of software for managing relationships with clients will publish revenues in the first quarter of USD 9.75 billion, about 7% jump year -on -year and corrected profit per share in the amount of USD 2.55, compared to USD 2.44 a year ago.

Oppenheimer called Salesforce “one of the healthiest long -term stories about profitable development” among software companies on Thursday for customers. While macro uncertainty increases the risk, the agent of the AI ​​Salesforce platform sees “strong rush”, the analysts said and maintained the goal of USD 380.

Citi analysts took more approach to waiting for Agentforce. They reduced the target price to USD 320 from USD 335, saying that “they are waiting for more significant data points” around the commercialization of the AI ​​offer. Meanwhile, Deutsche Bank recently repeated its more stubborn goal of USD 400, while Jefferies maintained USD 375.