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Strength Seen in Salesforce.com (CRM): Can Its 4.0% Jump Turn into More Strength?
CRMsalesforce(CRM) ZACKS·2025-01-28 14:51

Group 1 - Salesforce.com (CRM) shares increased by 4% to 347.10inthelasttradingsession,contrastingwitha1.4347.10 in the last trading session, contrasting with a 1.4% loss over the past four weeks [1] - The stock's optimism is driven by strong demand as customers undergo digital transformation, supported by Salesforce's comprehensive product suite and partner ecosystem [2] - The upcoming quarterly earnings are expected to be 2.60 per share, reflecting a year-over-year increase of 13.5%, with revenues projected at 10.04billion,up8.110.04 billion, up 8.1% from the previous year [3] Group 2 - The consensus EPS estimate for Salesforce.com has been slightly revised lower in the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] - Salesforce.com holds a Zacks Rank of 3 (Hold), similar to Intuit (INTU), which also has a Zacks Rank of 3 and experienced a 1.5% increase in its last trading session [4][5] - Intuit's consensus EPS estimate remains unchanged at 2.59, representing a year-over-year decrease of 1.5% [5]