Salesforce Earnings: Analysts Predict 11% Revenue Growth

Salesforce is expected to report its earnings on Wednesday afternoon, and analysts are optimistic about the software maker's prospects.

The company's stock has been under pressure since January due to concerns that growing AI adoption could lead companies to build their own tools and cut back on external software spending.

However, JPMorgan analysts have revised their coverage of Salesforce with an 'overweight' rating and a $250 price target, anticipating an acceleration in the company's core business in the second half of the year.

The consensus among Wall Street analysts is that Salesforce will report growing sales and profits, with estimates suggesting revenue of $11.33 billion, up about 11% year-over-year, and adjusted earnings per share coming in at $3.28.