Key PointsThe new business cycle will affect services stocks in a naturally bullish way, with some already showing massive momentum in their price action.Salesforce is one to propose a good upside story. Analysts are boosting their price targets, and the EPS growth projections could bring even more upgrades.5 stocks we like better than IntuitMost hype surrounds technology stocks, particularly after the king of the sector, Nvidia Corp. NASDAQ: NVDA, kept breaking past all-time high prices on ever-increasing  ...

The past year has been a thrill ride for investors in Salesforce (CRM 2.59%). After losing more than half its market value during the economic downturn, the customer relationship management (CRM) specialist has come roaring back, soaring 81% over the past year alone.However, one analyst believes the company's business momentum will continue to accelerate, driving the stock to new all-time highs.The recovery is gaining momentumJefferies analyst Brent Thill raised his price target on Salesforce stock to $350, ...

Salesforce (CRM 2.59%) was founded in 1999, and the software company made its public market debut in 2004. The stock has since skyrocketed by 6,730%, and the Salesforce brand has become synonymous with customer relationship management (CRM) software. In fact, it has evolved into the second-largest enterprise software company in the world.Innovation has been instrumental to that success. Salesforce was among the first companies to deliver its software from the cloud, and regular product development has kept ...

It’s another eventful week for trade participants: even though it feels as if Q4 earnings season is winding down, we still expect results from important companies this week like Salesforce ((CRM) , Hewlett Packard ((HPQ) , ((HPE) in the latter half and Zoom Video ((ZM) after the closing bell today. For economic prints, the all-important Personal Consumption Expenditures (PCE) on Thursday will take center stage, as it is the Fed’s favored metric for tracking inflation.But we’ll also see Durable Goods Orders, ...

Salesforce Key StatsEstimate for Q4 FY 2024Actual for Q3 FY 2024Actual for Q4 FY 2023Net Income$1.26B$1.22B($98M)Diluted EPS$1.29$1.25($0.10)Revenue$9.2B$8.72B$8.38B The Key Metric: Data Cloud Revenue Salesforce announced its Einstein GPT, the first generative AI tool for customer relationship management, roughly a year ago. Since that time, the company has pushed for development of AI offerings across many of its products. Driving this shift toward AI-powered enterprise apps is the company's data cloud ...

Salesforce (NYSE:CRM) stock is a hot topic among traders on Monday after Jefferies analysts increased their price target for the sales data company’s shares.Jefferies analysts increased their price target for CRM stock by $25 from $325 per share to $350 per share. That represents a potential increase of 19.5% compared to the stock’s prior closing price. In addition to that, this price target is well above the analysts’ consensus price prediction of $269.86 per share.In addition to this price target increase ...

Salesforce (CRM) is slated to report fourth-quarter fiscal 2024 results on Feb 28. The cloud-based software maker’s fourth-quarter performance is expected to have benefited from the positive demand environment as customers are continuing with cloud migration and digital transformation initiatives despite the current macroeconomic headwinds.Click here to know how CRM’s overall fiscal fourth-quarter results are likely to be.Digitalization Initiatives to Boost Q4 RevenuesThe growing demand for generative artif ...

CNBC's Jim Cramer on Friday guided investors through next week's market action, advising them to pay attention to earnings reports from companies including Salesforce, Snowflake and Domino's."I don't know if the rosy hue from Nvidia has staying power for next week," Cramer said. "But there are plenty of good companies here that can carry a torch for the averages."On Monday, Domino's Pizza reports earnings, and Cramer said he thinks the chain's earnings will be positive and "the king of pizza" can reclaim it ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Salesforce.com (CRM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Salesforce.com currently has an avera ...

Wall Street analysts expect Salesforce.com (CRM) to post quarterly earnings of $2.26 per share in its upcoming report, which indicates a year-over-year increase of 34.5%. Revenues are expected to be $9.21 billion, up 9.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucial to gi ...