Salesforce Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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Salesforce, Inc. CRM is set to release first-quarter financial results, after the closing bell on Wednesday.

Analysts expect the San Francisco, California-based company to report quarterly earnings at $2.38 per share, up from $1.69 per share in the year-ago period. Salesforce is expected to post revenue of $9.15 billion, according to data from Benzinga Pro.

On May 21, IBM said that it is exploring the IBM Granite model series available later this year for use across the Salesforce Einstein 1 platform, intending to provide clients access to more models to enhance decision-making for AI CRM use cases.

Salesforce shares fell 0.9% to close at $269.83 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.

  • Wells Fargo analyst Michael Turrin maintained an Equal-Weight rating and cut the price target from $310 to $300 on May 23. This analyst has an accuracy rate of 62%.
  • Jefferies analyst Brent Thill maintained a Buy rating and boosted the price target from $350 to $360 on April 22. This analyst has an accuracy rate of 79%.
  • Piper Sandler analyst Brent Bracelin maintained a Neutral rating with a price target of $300 on April 15. This analyst has an accuracy rate of 75%.
  • Citigroup analyst Tyler Radke maintained a Neutral rating and increased the price target from $325 to $339 on March 11. This analyst has an accuracy rate of 69%.
  • Argus Research analyst Joseph Bonner maintained a Buy rating and boosted the price target from $290 to $354 on March 6. This analyst has an accuracy rate of 68%.

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