Reports indicate a downtrend in Salesforce (CRM) stock, despite beating earnings estimates. CRM made headlines by acquiring Informatica for $8 billion, a strategic move to bolster their AI capabilities and intensify competition in the AI market. The acquisition is received positively by several analysts with Needham endorsing the deal, and others maintaining an optimistic price target for CRM. An uptick in cloud spending contributed to Salesforce raising their annual earnings forecast. The company's investment in AI has potentially curbed the hiring need for engineers and customer service workers. Several banks, including Citi and Northland, maintained their hold ratings for CMS, despite reducing the price targets. The CRM Q1 earnings call highlighted the company's momentum in AI product and Informatica acquisition. Deviating from the trends, Bernstein maintained an underperform rating on Salesforce. The company's revenue forecast for 2026 was boosted due to robust demand in the cloud and AI sectors. Viewing this development, Morgan Stanley and FBN Securities reiterate a strong buy/outperform rating on CRM. Investors need to be mindful that some analysts remain bearish on Salesforce due to its ambitious AI push and the substantial Informatica deal.
Salesforce CRM News Analytics from Mon, 26 May 2025 10:33:29 GMT to Sat, 31 May 2025 15:30:00 GMT - Rating -1 - Innovation 6 - Information 8 - Rumor -6
