Salesforce Q2 Preview: Analyst Sees Soft Cloud Demand But Highlights Data Cloud's Growing Impact

Core Viewpoint - Analyst Scott Berg expresses caution regarding Salesforce, Inc. CRM ahead of its second quarter results, anticipating limited upside due to macroeconomic pressures on spending [1] Group 1: Company Performance - Following a weak first quarter, Salesforce is expected to report limited growth in the second quarter due to ongoing demand softness across most cloud segments, including Service Cloud [1] - Salesforce's Data Cloud is expected to be a focal point in discussions, particularly as it has gained traction in deals exceeding $1 million, with 25% of such deals including Data Cloud in the first quarter [1] Group 2: Market Outlook - The analyst notes that AI adoption is driving interest in Data Cloud, which could continue its momentum and potentially provide an incremental boost to results in the second half of the year [1] - Salesforce stock has gained over 25% in the last 12 months, with a maintained Buy rating and a price target of $345 [2]