To The Moon

Sign Up
  • Like
  • Comment
  • Favorite

BUZZ-Salesforce shares climb as FY26 outlook gets a boost despite topline miss

Reuters2025-12-04

BUZZ-<a href="https://laohu8.com/S/CRM">Salesforce</a> shares climb as FY26 outlook gets a boost despite topline miss

** Shares of Salesforce CRM.N rise 2.3% to $244.49 in premarket trading, after the co raised its fiscal 2026 revenue and adjusted profit forecasts

** Co raised annual revenue forecast to between $41.45 bln and $41.55 bln, from between $41.1 bln and $41.3 bln

** Co reported Q3 revenue of $10.26 bln, slightly missing estimates of $10.27 bln, according to data compiled by LSEG

** J.P.Morgan says rare topline miss overshadowed by strong bookings momentum and AI traction

** Cites cRPO growth of 11% and Q3 being one of the largest pipeline-generating quarters in recent years

** Maintains "Overweight" rating, PT $365

** Stock rated "Buy" on average; median PT is $322, per data compiled by LSEG

** Stock down ~29% this year, as of Wednesday's close

(Reporting by Rashika Singh in Bengaluru)

((Rashika.Singh@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

All