Salesforce Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Salesforce, Inc. CRM is expected to report financial results for second quarter fiscal year 2024, after the closing bell on Aug. 30, 2023.

Analysts expect the company to post quarterly earnings at $1.90 per share, up from year-ago earnings of $1.19 per share. The company’s revenue might come in at $8.52 billion, compared to $7.72 billion in the year-ago period.

Salesforce shares gained 0.1% to close at $211.96 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Keith Weiss downgraded the stock from Overweight to Equal-Weight on July 31, 2023. This analyst has an accuracy rate of 76%.
• BMO Capital analyst Keith Bachman maintained an Outperform rating and increased the price target from $245 to $255 on July 12, 2023. This analyst has an accuracy rate of 76%.
• B of A Securities analyst Brad Sills reiterated a Buy rating with a price target of $250 on July 12, 2023. This analyst has an accuracy rate of 78%.
• Piper Sandler analyst Brent Bracelin reiterated an Overweight rating with a price target of $248 on June 13, 2023. This analyst has an accuracy rate of 74%.
• Wedbush analyst Daniel Ives maintained an Outperform rating and boosted the price target from $230 to $240 on June 1, 2023. This analyst has an accuracy rate of 73%.

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