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Salesforce Stock Drops Below Key Levels Ahead Of Q4 Earnings – Is A Rebound Coming?
CRMsalesforce(CRM) Benzinga·2025-02-26 19:21

Core Viewpoint - Salesforce Inc is set to report its fourth-quarter earnings, with Wall Street expecting an EPS of 2.61andrevenuesof2.61 and revenues of 10.04 billion, while the stock has shown a 2.76% increase over the past year but a 6.64% decline year-to-date [1] Stock Performance - Salesforce stock is currently priced at 308.35,indicatingitisinbearishterritoryasittradesbelowitsfive−day,20−day,and50−dayexponentialmovingaverages(EMA),suggestingastrongdownwardtrend[2]−Thestock′seight−daysimplemovingaverage(SMA)is308.35, indicating it is in bearish territory as it trades below its five-day, 20-day, and 50-day exponential moving averages (EMA), suggesting a strong downward trend [2] - The stock's eight-day simple moving average (SMA) is 316.35, the 20-day SMA is 328.28,andthe50−daySMAis328.28, and the 50-day SMA is 332.95, all reinforcing the bearish setup and short-term weakness [2] Technical Indicators - The stock remains above its 200-day SMA of 289.55,whichprovidesalonger−termbullishsignal[3]−Momentumindicatorsshowanegativetrend,withtheMovingAverageConvergenceDivergence(MACD)at−6.90indicatingnegativemomentum,andtheRelativeStrengthIndex(RSI)at34.92suggestingthestockisnearingoversoldconditions[3]AnalystRatings−TheconsensusanalystratingforSalesforcestockiscurrentlyaBuy,withapricetargetof289.55, which provides a longer-term bullish signal [3] - Momentum indicators show a negative trend, with the Moving Average Convergence Divergence (MACD) at -6.90 indicating negative momentum, and the Relative Strength Index (RSI) at 34.92 suggesting the stock is nearing oversold conditions [3] Analyst Ratings - The consensus analyst rating for Salesforce stock is currently a Buy, with a price target of 378.03, indicating a potential upside of 26.57% according to recent ratings from Citigroup, Citizens Capital, and BMO Capital [5] - At the time of publication, Salesforce stock was trading at $308.12 [5]