Salesforce 2Q Results Likely to Overcome Low Bar - Oppenheimer

StreetInsider2023-08-25

Oppenheimer analysts reiterated an Outperform rating and $235 price target on Salesforce (NYSE:CRM) in a note Thursday ahead of the company's second-quarter results.The analysts told investors there ...

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Please sign in or upgrade to SI Premium to view.)","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"CRM":"赛富时"},"translate_title":"Salesforce 2Q业绩可能克服低门槛——Oppenheimer","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRM":1},"content_text":"Oppenheimer analysts reiterated an Outperform rating and $235 price target on Salesforce (NYSE:CRM) in a note Thursday ahead of the company's second-quarter results.The analysts told investors there are mixed business trends for the company, but its results are likely to overcome a low bar.\"In our view, the earnings risk for CRM weighs slightly positive ahead of F2Q results despite our recent field checks pointing to mixed business trends for Salesforce and with investor expectations at higher levels for this earnings report,\" they wrote.\"Positively, we detected improvement to the demand environment and possibly stabilizing trends in the sales operations for Salesforce in F2Q,\" they added.The estimates bar is low for Salesforce this quarter, according to Oppenheimer, and they believe there are enough positives in the business trends and bookings performance to raise its conviction in CRM displaying \"modest upside to consensus estimates for CRPO growth, subscription revenue, and operating margin in F2Q.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2361795757"}