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Salesforce.com Inc ($CRM) Stock Forecast: Up 5.2% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is Salesforce.com Inc?

Salesforce (CRM) is a leading global provider of customer relationship management software and cloud-based solutions. The company is known for its innovative products and services in the tech industry.

Why is Salesforce.com Inc going up?

CRM stock is up 5.2% on Jun 27, 2024 14:46

  • Salesforce (CRM) stock experienced a bullish movement today.
  • The positive news of Rimini Street India ranking in the Top 20th for India’s Great Mid-Size Workplaces 2024 could have boosted investor confidence in CRM.
  • Despite the investigation for securities fraud, the announcement of Odaseva raising $54M to secure Salesforce users may have highlighted the company's commitment to enhancing security measures.
  • The insider sale of shares by President and COO Brian Millham might have been overshadowed by the overall positive developments, contributing to the bullish trend in CRM stock.

CRM Price Chart

CRM News

Rimini Street India Places Top 20th in Nation as India’s Great Mid-Size Workplaces 2024

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced that Rimini Street India has placed in the Top 20th ranking for India’s Great Mid-Size Workplaces 2024, a recognition building on the recently earned Top 50 Jetzt den vollständigen Artikel lesen

https://www.wallstreet-online.de/nachricht/18225481-rimini-street-india-places-top-20th-nation-as-india-s-great-mid-size-workplaces-2024

News Article Image Rimini Street India Places Top 20th in Nation as India’s Great Mid-Size Workplaces 2024

CRM SHAREHOLDER NOTIFICATION: Salesforce, Inc. (NYSE:CRM) is Being Investigated for Securities Fraud, Investors who Suffered Losses are Urged to Contact BFA Law

Investors that suffered losses in their Salesforce, Inc. investment are encouraged to contact BFA Law about their rights.

https://www.globenewswire.com/news-release/2024/06/27/2905062/0/en/CRM-SHAREHOLDER-NOTIFICATION-Salesforce-Inc-NYSE-CRM-is-Being-Investigated-for-Securities-Fraud-Investors-who-Suffered-Losses-are-Urged-to-Contact-BFA-Law.html

News Article Image CRM SHAREHOLDER NOTIFICATION: Salesforce, Inc. (NYSE:CRM) is Being Investigated for Securities Fraud, Investors who Suffered Losses are Urged to Contact BFA Law

Odaseva raises $54M to secure Salesforce users

Cloud services continue to be a weak point for enterprises when it comes to security, so companies providing effective solutions to address this continue to see a lot of interest in the market, both from customers and investors. In the latest example of that, Odaseva – which focuses on one sole use case: securing Salesforce […] © 2024 TechCrunch. All rights reserved. For personal use only.

https://techcrunch.com/2024/06/27/odasevas-founder-once-solved-a-security-gap-for-saleforces-biggest-customer-now-hes-raised-54m-to-secure-all-of-its-users/

News Article Image Odaseva raises $54M to secure Salesforce users

The Dark Side of Nvidia’s AI: An Electron-Eating Monster Threatens NVDA Stock

Nvidia (NASDAQ:NVDA) stock has taken the NASDAQ down a peg recently. Investors are asking why. This has not made the stock cheap. Even at its recent price of $118 per share, Nvidia had a market cap of $2.9 trillion. That’s based on analyst estimates of $120 billion in sales for this year, and $140 billion for 2025. NVDA stock has been valued at over 20 times sales for years now. Today’s estimates are that sales will grow at the present rate, compounded for at least a decade. That’s not happening. Here’s why.

https://investorplace.com/2024/06/the-dark-side-of-nvidias-ai-an-electron-eating-monster-threatens-nvda-stock/

News Article Image The Dark Side of Nvidia’s AI: An Electron-Eating Monster Threatens NVDA Stock

Insider Sale: President and COO Brian Millham Sells 1,662 Shares of Salesforce Inc (CRM)

Insider Sale: President and COO Brian Millham Sells 1,662 Shares of Salesforce Inc (CRM)

https://www.gurufocus.com/news/2464739/insider-sale-president-and-coo-brian-millham-sells-1662-shares-of-salesforce-inc-crm

News Article Image Insider Sale: President and COO Brian Millham Sells 1,662 Shares of Salesforce Inc (CRM)

Salesforce.com Inc Price History

27.05.2024 - CRM Stock was up 5.2%

  • Salesforce (CRM) stock experienced a bullish movement today.
  • The positive news of Rimini Street India ranking in the Top 20th for India’s Great Mid-Size Workplaces 2024 could have boosted investor confidence in CRM.
  • Despite the investigation for securities fraud, the announcement of Odaseva raising $54M to secure Salesforce users may have highlighted the company's commitment to enhancing security measures.
  • The insider sale of shares by President and COO Brian Millham might have been overshadowed by the overall positive developments, contributing to the bullish trend in CRM stock.

06.05.2024 - CRM Stock was up 5.1%

  • A Salesforce director purchased company shares worth $99.8 million, hinting at positive insider sentiment and potentially boosting investor confidence.
  • The announcement of Salesforce establishing an AI center in London as part of a $4 billion investment in the UK over the next five years may have uplifted investor optimism regarding the company's future growth prospects.
  • The upbeat developments related to Salesforce's foray into AI innovation and job creation in the UK likely played a role in the stock's bullish movement.

31.04.2024 - CRM Stock was up 7.2%

  • Salesforce (CRM) reported better-than-expected earnings for Q1 2025, which usually leads to a bullish sentiment among investors.
  • Despite the positive earnings report, there was a selloff post-earnings, which could have initially caused some uncertainty in the market.
  • The overall market sentiment might have been positive towards CRM today, possibly due to investors reevaluating the stock after the initial selloff and recognizing its long-term growth potential.
  • The bullish movement in CRM could also be attributed to investors shifting focus from the recent Dow Jones fall and seeking opportunities in individual stocks like Salesforce.

31.04.2024 - CRM Stock was up 6.8%

  • Despite missing revenue estimates and a weak Q2 revenue growth outlook, Salesforce's stock saw a significant sell-off after earnings, creating an attractive entry point for long-term investors.
  • The rating downgrade to the single-digit club may have initially impacted CRM's stock negatively, but investors seem to view this as a golden buying opportunity.
  • The bearish movement in the Dow Jones Index this week might have added some pressure on CRM's stock, but the overall sentiment towards the company remains positive for those looking at the long-term potential.

31.04.2024 - CRM Stock was up 5.7%

  • Despite a 20% plunge after Q1 earnings and a weak Q2 revenue growth outlook, Salesforce is now seen as a golden buying opportunity for long-term investors.
  • A prominent figure in stock analysis recommended buying Apple Inc (AAPL) heading into June but expressed concern over Salesforce's recent declines, possibly signaling a shift in sentiment towards CRM.
  • The market's positive response to the reassessment of Salesforce's potential by investors and analysts seems to be fueling the bullish movement in CRM stock today.
  • Salesforce's resilience and long-term growth prospects may be outweighing the short-term challenges highlighted in its recent financial reports, propelling the stock's upward trajectory.

30.04.2024 - CRM Stock was down 20.7%

  • Salesforce stock plummeted over 20% after missing revenue expectations for the first quarter and providing a soft outlook for the second quarter. This disappointing performance led to a bearish market sentiment.
  • Analysts still maintain a bullish outlook on the stock despite the recent slump, highlighting a potential disconnect between market sentiment and long-term prospects.
  • A market expert linked Salesforce's stock slide to NVIDIA's advancements in AI, suggesting that broader industry trends and technological developments may have influenced the market reaction.
  • A decision to sell Salesforce stock and label it as "dead money" further contributed to the negative sentiment surrounding the company, potentially influencing other investors to follow suit.

30.04.2024 - CRM Stock was down 21.5%

  • The company saw a significant 20% decline in its stock price due to a weak earnings forecast.
  • Negative sentiment was possibly fueled by an analyst's recommendation to sell the company's stock, branding it as unprofitable.
  • Technical analysis suggests that further downward movement may occur before a potential recovery.
  • Discussion among industry experts hinted at broader concerns impacting the software sector and subsequently affecting the company's stock performance.

30.04.2024 - CRM Stock was down 20.9%

  • Salesforce (CRM) experienced a significant bearish movement of 20.2% following its first-quarter earnings report, where revenue and billings fell below expectations.
  • Analysts predict more short-term pain for Salesforce as charts indicate a potential further decline before finding a bottom.
  • The weak earnings forecast and softer bookings in the quarter due to deal cycles, deal compression, and budget scrutiny contributed to the sharp decline in Salesforce shares.
  • The company also highlighted pressure in the professional services business and observed volatility in the Licensing segment, adding to investor concerns and driving the bearish market movement.

30.04.2024 - CRM Stock was down 20.2%

  • Salesforce shares plunged 20.2% due to reporting first-quarter earnings below expectations, noting softer bookings, deal cycles, and budget scrutiny.
  • The weaker forecast and performance of Salesforce affected the Dow and broader market sentiment, leading to a negative trading day.
  • The downward revision of US GDP growth and concerns about client spending on cloud and enterprise products also contributed to the bearish sentiment around Salesforce.
  • The market reaction underscores the significance of meeting revenue expectations and managing client relationships in the software industry.

30.04.2024 - CRM Stock was down 19.8%

  • Salesforce nosedived 20% due to weaker-than-expected second-quarter profit and revenue forecasts, attributed to soft client spending on its cloud and enterprise business products.
  • Investor concerns were exacerbated by a downward revision of US gross domestic product growth for the first quarter and an increase in weekly jobless claims, contributing to the bearish sentiment in the market.
  • Analysts expressed confidence in Salesforce's long-term prospects, noting that the recent selloff may have been excessive and highlighting the promising potential of generative artificial intelligence.
  • Challenges such as apprehensions regarding high interest rates and competition in the AI sector were cited as factors behind the disappointing forecast and subsequent stock decline, underscoring the hurdles faced by Salesforce in sustaining its growth trajectory.

30.04.2024 - CRM Stock was down 19.7%

  • Salesforce shares plummeted approximately 18% after the company provided its lowest-ever quarterly revenue growth forecast, sparking concerns about competition in the AI sector.
  • The weak forecast and fears of high interest rates impacting demand contributed to the sharp decline in CRM stock.
  • Investors are closely monitoring the competitive landscape in the software industry, with a particular focus on AI offerings from rival companies.
  • Salesforce's Q1 FY25 revenue missing analysts' expectations further exacerbated the stock's decline, leading to a substantial drop in share price.

30.04.2024 - CRM Stock was down 20.9%

  • Salesforce's Q1 FY25 revenue of $9.13 billion fell short of analyst predictions, resulting in an 18% drop in stock value.
  • The upcoming deadline for the iPhone 7 settlement may have diverted potential investors' focus and resources, impacting CRM's stock performance.
  • A recent collaboration between Archer Aviation and KakaoMobility in South Korea could have attracted investor attention to the eVTOL industry, potentially affecting CRM's stock.
  • Concerns raised in Harding Loevner's investor letter regarding Salesforce's ability to meet revenue and earnings growth targets may have influenced market sentiment, contributing to the downward trend in CRM's stock price.

30.04.2024 - CRM Stock was down 20.4%

  • The stock of Salesforce slumped by 16% due to missing revenue estimates and providing weak guidance for the current quarter, potentially resulting in a loss of over $40 billion in market value.
  • The reduced revenue guidance and doubts about the company's ability to excel in the AI sector have significantly affected the stock price.
  • The partnership between Archer Aviation and KakaoMobility in South Korea, focusing on eVTOL aircraft, did not have a direct impact on Salesforce's stock movement but underscores the growing innovation in the transportation sector, contrasting Salesforce's current challenges.
  • The general market sentiment, characterized by a sell-off as investors analyze economic data and anticipate PCE inflation data, has intensified the pressure on Salesforce's stock, further contributing to the bearish movement.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.