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CRM / Salesforce strategy under scrutiny as Wall Street's patience wears thin ahead of 4Q earnings, Wedbush analysts say

Salesforce.com, Inc. (NYSE:CRM) reports fourth-quarter and full-year 2023 financial results after the close on March 1 and analysts at Wedbush say their ‘checks' on the quarter are mixed with continued weak spots/softening around lengthening sales cycles and isolated deal slippage seen in the field. Maintaining an ‘Outperform' rating for the stock and price target of US$200, the analysts wrote that they have seen some improvement in large deal activity on core enterprise deals while the cross-selling pipeline deal flow has expanded this quarter. Read More

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Posted: Feb 21 2023, 13:37

Author Name: Proactive Investors

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