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Salesforce Shares Rise 1.8% on Optimistic Earnings Outlook

Guavy AI Editorial Team
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CRM
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Salesforce (NYSE:CRM) shares rose by 1.8% in mid-day trading on Friday, reaching as high as $211.07 and closing at $209.20.

Approximately 9.6 million shares were traded, a decline of 30% from the average daily volume of 13.7 million shares.

Analysts are optimistic about Salesforce's upcoming earnings, with Oppenheimer and others predicting potential upside and a possible post-earnings move towards the stock's highest level since January.

Guggenheim reaffirmed its Buy rating with a $228 price target, while Cantor Fitzgerald maintained an Overweight rating and set a $250 target.

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