Salesforce beats on top and bottom lines. What the pros are saying about the stock

by | Aug 31, 2023 | Financial

Market Movers rounded up the latest reactions on Salesforce from investors and analysts. The pros discussed the software company’s latest quarterly results , which were released after the closing bell Wednesday. Salesforce reported better-than-expected earnings and revenue. The company also raised its guidance for the full year. Goldman Sachs analyst Kash Rangan raised his price target by $15 to $340 per share , implying the stock having upside of 58%. Salesforce CEO Marc Benioff said he sees potential ahead via artificial intelligence. “We’re leading our customers into the new AI era,” he said in a statement. The stock is currently held in Jim Cramer’s Charitable Trust portfolio.

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