Salesforce Shares Expected to Surge up to 7% Following Earnings

Shares of Salesforce (CRM) have dropped by more than a fifth since the start of the year, but analysts predict they could surge in response to upcoming earnings.

The software maker is set to report its second-quarter results after the closing bell on Wednesday, with Wall Street anticipating growing sales and profits that will dispel concerns about AI disruption.

According to current options pricing, Salesforce shares are expected to swing up to 7% in either direction by the end of the week, potentially reaching their highest point since January or falling below $191.

This would mark a significant rebound for the stock, which has been pressured by fears that growing AI adoption could lead companies to build their own tools and cut back on external software spending.