As previously reported, Erste Group upgraded Salesforce (CRM) to Buy from Hold. Salesforce is in a position to continuously increase its revenue and operating margin given its leading position in the areas of customer service, marketing automation and, in particular, data analysis using AI, the analyst tells investors. Earnings per share will increase at double-digit percentage rates in FY25 and FY26, but the stock is valued moderately lower than the sector average, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRM:
- Salesforce upgraded to Buy from Hold at Erste Group
- Amazon vs. Alphabet: Which Cloud Hyperscaler Offers Greater Value?
- Salesforce initiated with an Outperform at Scotiabank
- Alphabet (GOOGL) Stock Alert: Marc Benioff Praises Google’s New Gemini AI Assistant
- Berkshire reveals stake in Domino’s, Alibaba reports mixed Q2: Morning Buzz
Questions or Comments about the article? Write to editor@tipranks.com