Salesforce Option Alert: Jun 20 $280 Calls at the Bid: 400 vs 4793 OI; Earnings 5/28 After Close 

Salesforce Option Alert: Jun 20 $280 Calls at the Bid: 400 @ $18.0 vs 4793 OI; Earnings 5/28 After Close Ref=$285.69

Salesforce Option Alert: Aug 15 $320 Calls at the Ask: 1000 vs 584 OI; Earnings 5/28 After Close 

Salesforce Option Alert: Aug 15 $320 Calls at the Ask: 1000 @ $8.58 vs 584 OI; Earnings 5/28 After Close Ref=$288.5995

Salesforce Option Alert: Mar 20 $290 Calls at the Ask: 350 vs 285 OI; Earnings 5/28 After Close 

Salesforce Option Alert: Mar 20 $290 Calls at the Ask: 350 @ $42.35 vs 285 OI; Earnings 5/28 After Close Ref=$290.64

Salesforce Option Alert: Jun 20 $280 Calls Sweep (54) near the Ask: 763 vs 4496 OI; Earnings 5/28 After Close 

Salesforce Option Alert: Jun 20 $280 Calls Sweep (54) near the Ask: 763 @ $21.396 vs 4496 OI; Earnings 5/28 After Close Ref=$290.18

Salesforce Option Alert: Jun, 2027 $290 Calls Sweep (52) near the midpoint: 1482 vs 33 OI; Earnings 5/28 After Close 

Salesforce Option Alert: Jun, 2027 $290 Calls Sweep (52) near the midpoint: 1482 @ $67.415 vs 33 OI; Earnings 5/28 After Close Ref=$289.48

Salesforce Option Alert: Jun, 2026 $350 Calls Sweep (3) near the Bid: 275 vs 720 OI; Earnings 5/28 After Close 

Salesforce Option Alert: Jun, 2026 $350 Calls Sweep (3) near the Bid: 275 @ $25.0 vs 720 OI; Earnings 5/28 After Close Ref=$293.84

Salesforce Option Alert: Jan 16 $340 Calls at the Bid: 350 vs 1349 OI; Earnings 5/28 After Close 

Salesforce Option Alert: Jan 16 $340 Calls at the Bid: 350 @ $16.9 vs 1349 OI; Earnings 5/28 After Close Ref=$293.3

Salesforce (NYSE:CRM) Stock

SALESFORCE INC

Salesforce

Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

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Wells Fargo analyst Michael Turrin maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Equal-Weight and raises the price target from $255 to $275.

News

Price Target

Analyst Ratings

Wells Fargo Maintains Equal-Weight on Salesforce, Raises Price Target to $275

Wall Street hovered slightly higher by midday Thursday, giving up a chunk of strong overnight gains in futures markets that were triggered by a federal court ruling suspending a large portion <a href="https://www.benzinga.com/government/regulations/25/05/45672421/tariffs-blocked-by-court-but-goldman-sachs-says-trump-could-reimpose-them-within-days">of President Donald Trump&#8217;s tariffs.</a>
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) led the market after reporting a better-than-feared quarter. The artificial intelligence leader showed resilience in the face of export restrictions. Shares rose 4.3%, ranking as the second-best performer on the S&amp;P 500 and climbing to their highest level in more than three months.
By midday: 
<ul class="wp-block-list">
<li>The S&amp;P 500 was up 0.3% at 5,900.</li>
<li>The Nasdaq 100 gained 0.5%.</li>
<li>The Dow Jones Industrial Average traded flat.</li>
</ul>
<h3 class="wp-block-heading">Fresh Economic Data Adds To Mixed Tone</h3>
First-quarter U.S. gross domestic product shrank 0.2%, slightly improving from the initial 0.3% estimate. Still, it marked a sharp slowdown compared to the 2.4% growth in the last quarter of 2024, reflecting slower consumer spending and higher imports ahead of the tariffs impact.
More concerning was the labor market. Initial jobless claims for the week ending May 24 jumped to 240,000, exceeding expectations and reaching their highest level in nearly four months. Continuing claims also rose to levels last seen in November 2021, indicating potential softening in employment trends.
The U.S. dollar pulled back, nearly wiping out gains from the prior two sessions as traders reassessed the outlook for interest rates. Meanwhile, Treasury yields dropped, with the 30-year note falling to 4.92% and the 10-year yield easing to 4.42%.
Federal Reserve Chair Jerome Powell met with Trump at the White House, the Fed confirmed.
The meeting focused on recent economic developments, including inflation, employment and growth. Powell reiterated that the Fed&#8217;s policy path would remain dependent on incoming data but refrained from commenting on future rate decisions.
Gold climbed 1.1% to $3,320 per ounce, buoyed by lower yields and dollar weakness. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell below $107,000, giving up recent gains as risk appetite moderated in crypto markets.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %Chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,414.87</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,906.48</td>
<td>0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,069.76</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,091.08</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:55 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.3% up to $589.37.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.1% to $420.98.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.4% to $520.87.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) flattened at $205.62.</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.4%; the&nbsp;Communication Services&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 1.1%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul class="wp-block-list">
<li>Shares of E.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) surged 26% Thursday afternoon, following the company&#8217;s announcement of its acquisition of lifestyle cosmetics brand Rhode.</li>
<li>Sentinel One Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) tumbled 11% after BofA Securities downgraded&nbsp;the stock from &#8216;Buy&#8217; to &#8216;Neutral&#8217; citing &#8220;weak trends and lackluster guidance&#8221; while lowering its price target from $24 to $21. </li>
</ul>
Stocks reacting to earnings included: 
<ul class="wp-block-list">
<li>Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) down 5.42%</li>
<li>Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) up 0.20%</li>
<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) up 18.45%</li>
<li>Agilent Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>) up 3.17%</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) down 8.23%</li>
<li>Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) down 0.35%</li>
<li>Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) down 3.22%</li>
<li>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) down 7.90%</li>
<li>Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) up 5.65%</li>
<li>Hamilton Lane Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>) down 11.21%</li>
<li>Roivant Sciences Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIV#NASDAQ">ROIV</a>) up 5.50%</li>
<li>Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) down 6.24%</li>
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) up 0.10%</li>
</ul>
Now Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45675006/nvidia-stock-has-significant-upside-as-ai-godfather-jensen-huang-delivers-another-robust-quarter">Nvidia Stock Has &#8216;Significant Upside&#8217; As AI &#8216;Godfather&#8217; Jensen Huang Delivers Another &#8216;Robust Quarter&#8217; </a></li>
</ul>
Image: Shutterstock

Equities

Government

Large Cap

Macro Economic Events

Regulations

Bonds

Broad U.S. Equity ETFs

Treasuries

Economics

Federal Reserve

ETFs

$BTC

BBWI

BURL

SPDR Dow Jones Industrial Average ETF Trust

HLNE

NDSN

NVDA

ROIV

SNPS

VEEV

Select Sector SPDR-Consumer Discretionary

Stocks Edge Higher After Court Stifles Trump Tariffs, Nvidia Rallies To 3-Month Highs, Bitcoin Dips Below $107K: What's Driving Markets Thursday?

Piper Sandler analyst Brent Bracelin maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Overweight and raises the price target from $315 to $335.

Piper Sandler Maintains Overweight on Salesforce, Raises Price Target to $335

Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) shares are trading lower on the heels of the company&#8217;s first-quarter financial results. GAAP earnings guidance and mixed analyst reactions appear to be weighing on shares. Here&#8217;s what you <a href="https://www.benzinga.com/25/05/45663035/salesforce-declares-multitrillion-dollar-opportunity-with-digital-labor-revolution-jim-cramer-says-crm-is-doing-exciting-things">need to know</a>. 
What Happened: Salesforce beat <a href="http://benzinga.com/quote/crm/earnings">estimates</a> on the top and bottom lines in the first quarter with revenue of $9.83 billion coming in ahead of estimates of $9.75 billion, and adjusted earnings of $2.58 per share beating estimates of $2.55 per share. 
Total revenue was up 8% on a year-over-year basis and free cash flow increased 4% year-over-year to $6.3 billion.
Salesforce guided for second-quarter revenue of $10.11 billion to $10.16 billion versus estimates of $10.01 billion. The company also forecasted second-quarter adjusted earnings of $1.80 to $1.82 per share versus estimates of $1.71 per share.
Full-year revenue guidance of $41 billion to $41.3 billion was also stronger than analyst expectations, but full-year GAAP earnings guidance appears to be a soft spot in the report. Salesforce guided for full-year 2026 GAAP earnings of $7.15 to $7.21 per share versus estimates of $7.24 per share. On an adjusted basis, the company expects full-year earnings of $11.27 to $11.33 per share versus estimates of $11.16 per share. 
Analysts had mixed reactions to the print with RBC Capital analyst Rishi Jaluria downgrading Salesforce from Outperform to Sector Perform and lowering the price target from&nbsp;$420&nbsp;to&nbsp;$275. DA Davidson and Bernstein raised price targets ranging from $225 to $255, but both firms maintained Underperform ratings. Meanwhile, Goldman Sachs maintained a Buy rating and raised its target to $385 and Needham reiterated Buy and maintained its price target of $400. 
CEO Marc Benioff said in the earnings release that the company has built a deeply unified enterprise AI platform that is &#8220;unmatched&#8221; in the industry.
&#8220;With Agentforce, Data Cloud, our Customer 360 apps, Tableau, and Slack all built on one trusted, unified foundation, companies of every size can build a digital labor force — boosting productivity, reducing costs and accelerating growth," Benioff said.
CRM Price Action: <a href="http://benzinga.com/quote/CRM">Salesforce shares</a> initially surged more than 5% on the report, climbing above the $290 level before pulling back. The stock was down 5.45% at $261.08 at the time of publication Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45668727/nvidia-stock-is-surging-thursday-whats-fueling-the-move">Nvidia Stock Is Surging Thursday: What&#8217;s Fueling The Move?</a></li>
</ul>
Photo: courtesy of Salesforce.

Earnings

Guidance

Downgrades

Movers

Investors Are Wondering Why Salesforce Stock Is Down After Beating Q1 Estimates: Here's What You Need To Know

Oppenheimer analyst Brian Schwartz maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Outperform and lowers the price target from $380 to $370.

Oppenheimer Maintains Outperform on Salesforce, Lowers Price Target to $370

Northland Capital Markets analyst Nehal Chokshi maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Outperform and lowers the price target from $423 to $396.

Northland Capital Markets Maintains Outperform on Salesforce, Lowers Price Target to $396

Morgan Stanley analyst Keith Weiss maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Overweight and raises the price target from $393 to $404.

Morgan Stanley Maintains Overweight on Salesforce, Raises Price Target to $404

Shares of Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) tanked in early trading on Thursday, despite the company Wednesday reporting <a href="https://www.benzinga.com/news/earnings/25/05/45657851/salesforce-q1-earnings-revenue-beat-eps-beat-raised-guidance-momentum-in-agentic-ai-shares-surge">strong first-quarter results</a>.
Here are some key analyst takeaways.
<ul class="wp-block-list">
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8db85e9300015f1ae0/kash-rangan">analyst Kash Rangan</a> reaffirmed a Buy rating, while lifting the price target from $340 to $385.</li>
<li>Needham <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587635595064ed000140010c/scott-berg">analyst Scott Berg</a> maintained a Buy rating and price target of $400.</li>
<li>JPMorgan <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d5296ab85e930001416e5a/mark-murphy">analyst Mark Murphy</a> reiterated an Overweight rating and price target of $380.</li>
<li>Bank of America Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59ca95686ab12400018386cb/brad-sillshttps:/www.benzinga.com/analyst-stock-ratings/analyst/59ca95686ab12400018386cb/brad-sills">analyst Brad Sills</a> reaffirmed a Buy rating and price target of $350.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Goldman Sachs: Salesforce's reported solid quarterly results and raised its full-year revenue guidance, Rangan said in a note. Shares came under pressure due to margin concerns, he added.
Salesforce's margins have typically expanded amid tough demand environments and contracted back as the macro improves, the analyst stated. While the company's margins have expanded, this trend may continue instead of reversing, given "management's strong emphasis on profitable growth at scale today," even when the macro recovery begins, he further wrote.
Needham: Salesforce reported revenues and earnings of $9.83 billion and $2.58 per share, Berg said. Total revenues grew 7.6% year-on-year, driven by 8.3% subscription revenue, with "strength in Data / AI oriented clouds and products along with pricing and packaging in sales and service," he added.
Data Cloud and AI annual recurring revenue crossed $1 billion, up more than 120%, the analyst stated. "cRPO (current remaining performance obligation), our favorite sales metric, grew 12.1% Y/Y (11% in CC) versus 10% guidance," he further wrote.
JPMorgan: Salesforce's cRPO grew 11% to $29.6 billion, flat versus the previous quarter, Murphy said. However, the second-quarter cRPO growth guidance came in around 30bps below Street expectations, he added.
The company delivered an "uncharacteristic" miss on operating margins, the analyst stated. Total revenue of $9.83 billion, up 8% in constant currency terms, surpassed consensus, "driven by 9% growth in Subscription &amp; Support revenue," he further wrote.
BofA Securities: Salesforce's first-quarter results suggest "a stable demand environment, with continued strength in the Agentforce new product cycle," Sills wrote in a note.
Management reiterated their outlook for subscription growth of 9% in constant currency terms for fiscal 2026, which was "a welcome relief," given that channel checks suggested a guide down, the analyst stated. The timing of growth acceleration remains unclear, he added.
Price Action: Shares of Salesforcehad declined by 5.85% to $259.89 at the time of publication on Thursday.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45663035/salesforce-declares-multitrillion-dollar-opportunity-with-digital-labor-revolution-jim-cramer-says-crm-is-doing-exciting-things">Salesforce Declares &#8216;Multitrillion Dollar Opportunity&#8217; With Digital Labor Revolution: Jim Cramer Says CRM Is Doing &#8216;Exciting Things&#8217;</a></li>
</ul>
Image: Shutterstock

Analyst Color

Earnings Beats

Reiteration

Trading Ideas

Salesforce Posts Q1 Beat As AI Crosses $1B, But How Concerned Should Investors Be About Margins?

Barclays analyst Raimo Lenschow maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Overweight and lowers the price target from $425 to $347.

Barclays Maintains Overweight on Salesforce, Lowers Price Target to $347

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>DA Davidson analyst Tom White upgraded eXp World Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) from Neutral to Buy and announced a $10.75 price target. eXp World shares closed at $7.67 on Wednesday. <a href="https://www.benzinga.com/quote/expi/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Stephen Baxter upgraded Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) from Equal-Weight to Overweight and raised the price target from $150 to $195. Tenet Healthcare shares closed at $164.67 on Wednesday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Stephen Baxter upgraded HCA Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) from Underweight to Equal-Weight and raised the price target from $320 to $385. HCA Healthcare shares closed at $378.44 on Wednesday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying EXPI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="588" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29084912/image-389-1024x588.png" alt="" class="wp-image-931545" style="width:608px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29084912/image-389-1024x588.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29084912/image-389-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29084912/image-389-768x441.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29084912/image-389.png 1101w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:<a href="https://www.benzinga.com/markets/25/05/45641430/jim-cramer-says-this-quantum-computing-stock-is-so-high-and-too-speculative"> </a>
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<li><a href="https://www.benzinga.com/markets/25/05/45641430/jim-cramer-says-this-quantum-computing-stock-is-so-high-and-too-speculative">Jim Cramer Says This Quantum Computing Stock Is &#8216;So High&#8217; And &#8216;Too Speculative&#8217;</a> </li>
</ul>
Photo via Shutterstock

Upgrades

Markets

EXPI

This Tenet Healthcare Analyst Turns Bullish; Here Are Top 3 Upgrades For Thursday

WIIM

Salesforce shares are trading lower after the company issued FY26 GAAP EPS guidance below estimates. Additionally, RBC Capital downgraded the stock from Outperform to Sector Perform and cut its price target from $420 to $275.

DA Davidson analyst Gil Luria maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Underperform and raises the price target from $200 to $225.

DA Davidson Maintains Underperform on Salesforce, Raises Price Target to $225

Goldman Sachs analyst Kash Rangan maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Buy and raises the price target from $340 to $385.

Goldman Sachs Maintains Buy on Salesforce, Raises Price Target to $385

Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) reported better-than-expected first-quarter financial results after the <a href="https://www.benzinga.com/quote/crm/earnings">market close on Wednesday.</a>
Salesforce reported first-quarter revenue of $9.83 billion, beating the consensus estimate of $9.75 billion. The company reported first-quarter adjusted earnings of $2.58 per share, beating analyst estimates of $2.55 per share, according to Benzinga Pro.
"We've built a deeply unified enterprise AI platform — with agents, data, apps and a metadata platform — that is unmatched in the industry. With Agentforce, Data Cloud, our Customer 360 apps, Tableau, and Slack all built on one trusted, unified foundation, companies of every size can build a digital labor force — boosting productivity, reducing costs and accelerating growth," said Marc Benioff, chair and CEO of Salesforce.
Salesforce said it expects second-quarter revenue to be in the range of $10.11 billion to $10.16 billion versus estimates of $10.01 billion. The company anticipates second-quarter adjusted earnings of $1.80 to $1.82 per share versus estimates of $1.71 per share.
Salesforce also raised its fiscal-year 2026 revenue guidance to a range of $41 billion to $41.3 billion versus estimates of $40.83 billion. The company raised its full-year adjusted earnings guidance to $7.15 and $7.21 per share versus estimates of $7.24 per share
Salesforce shares fell 0.4% to close at $276.03 on Wednesday.
These analysts made changes to their price targets on Salesforce following earnings announcement.
<ul class="wp-block-list">
<li>RBC Capital analyst Rishi Jaluria downgraded Salesforce from Outperform to Sector Perform and lowered the price target from $420 to $275.</li>
<li>Bernstein analyst Mark Moerdler maintained Salesforce with an Underperform rating and raised the price target from $243 to $255.</li>
</ul>
Considering buying CRM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="594" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29093421/image-392-1024x594.png" alt="" class="wp-image-931626" style="width:535px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29093421/image-392-1024x594.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29093421/image-392-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29093421/image-392-768x445.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29093421/image-392.png 1092w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

These Analysts Revise Their Forecasts On Salesforce Following Q1 Results

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Bernstein raised Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) price target from $243 to $255. Bernstein analyst Mark Moerdler maintained an Underperform rating. Salesforce shares closed at $276.03 on Wednesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan cut the price target for SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) from $22 to $19. JP Morgan analyst Brian Essex downgraded the stock from Overweight to Neutral. SentinelOne shares closed at $19.67 on Wednesday. <a href="https://www.benzinga.com/quote/S/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays cut Aspen Aerogels, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) price target from $13 to $7. Barclays analyst David Anderson downgraded the stock from Overweight to Equal-Weight. Aspen Aerogels shares closed at $6.42 on Wednesday. <a href="https://www.benzinga.com/quote/ASPN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies increased the price target for GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) from $427 to $517. Jefferies analyst Julien Dumoulin-Smith downgraded the stock from Buy to Hold. GE Vernova shares closed at $485.01 on Wednesday. <a href="https://www.benzinga.com/quote/GEV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital cut the price target for Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from $420 to $275. RBC Capital analyst Rishi Jaluria downgraded the stock from Outperform to Sector Perform. Salesforce shares closed at $276.03 on Wednesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James cut Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) price target from $130 to $110. Raymond James analyst Srini Pajjuri maintained an Outperform rating. Marvell Technology shares settled at $64.59 on Wednesday. <a href="https://www.benzinga.com/quote/MRVL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group slashed Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) price target from $15 to $14. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating. Macy&#8217;s shares closed at $12.00 on Wednesday. <a href="https://www.benzinga.com/quote/M/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt boosted NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) price target from $178 to $200. Rosenblatt analyst Kevin Cassidy maintained a Buy rating. Nvidia shares closed at $134.81 on Wednesday.  <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised the price target for Veeva Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NASDAQ">VEEV</a>) from $270 to $300. Needham analyst Ryan MacDonald maintained a Buy rating. Veeva shares settled at $234.49 on Wednesday. <a href="https://www.benzinga.com/quote/VEEV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Ascendiant Capital slashed Banzai International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) price target from $26 to $24. Ascendiant Capital analyst Edward Woo maintained a Buy rating. Banzai International shares closed at $0.9975 on Wednesday. <a href="https://www.benzinga.com/quote/BNZI/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying NVDA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="572" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29090416/image-390-1024x572.png" alt="" class="wp-image-931574" style="width:652px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29090416/image-390-1024x572.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29090416/image-390-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29090416/image-390-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29090416/image-390.png 1137w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/markets/25/05/45641430/jim-cramer-says-this-quantum-computing-stock-is-so-high-and-too-speculative">Jim Cramer Says This Quantum Computing Stock Is &#8216;So High&#8217; And &#8216;Too Speculative&#8217;</a> </li>
</ul>
Photo via Shutterstock

ASPN

BNZI

MRVL

Nvidia To Rally Around 48%? Here Are 10 Top Analyst Forecasts For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>TD Securities analyst Andrew Charles downgraded the rating for Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from Buy to Hold and maintained the price target of $90. Starbucks shares closed at $86.00 on Wednesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Andrew Fein downgraded Savara Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRA#NASDAQ">SVRA</a>) from Buy to Neutral and lowered the price target from $6 to $2. Savara shares closed at $2.1350 on Wednesday. <a href="https://www.benzinga.com/quote/SVRA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Rishi Jaluria downgraded the rating for Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Outperform to Sector Perform and cut the price target from $420 to $275. Salesforce shares closed at $276.03 on Wednesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Julien Dumoulin-Smith downgraded GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) from Buy to Hold but raised the price target from $427 to $517. GE Vernova shares closed at $485.01 on Wednesday. <a href="https://www.benzinga.com/quote/GEV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Brian Essex downgraded the rating for SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) from Overweight to Neutral and lowered the price target from $22 to $19. SentinelOne shares closed at $19.67 on Wednesday. <a href="https://www.benzinga.com/quote/S/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SBUX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="578" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29083946/image-386-1024x578.png" alt="" class="wp-image-931513" style="width:604px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29083946/image-386-1024x578.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29083946/image-386-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29083946/image-386-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29083946/image-386.png 1127w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/markets/25/05/45641430/jim-cramer-says-this-quantum-computing-stock-is-so-high-and-too-speculative">Jim Cramer Says This Quantum Computing Stock Is &#8216;So High&#8217; And &#8216;Too Speculative&#8217;</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

SBUX

SVRA

This Starbucks Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Bernstein analyst Mark Moerdler maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Underperform and raises the price target from $243 to $255.

Bernstein Maintains Underperform on Salesforce, Raises Price Target to $255

RBC Capital analyst Rishi Jaluria downgrades Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Outperform to Sector Perform and lowers the price target from $420 to $275.

RBC Capital Downgrades Salesforce to Sector Perform, Lowers Price Target to $275

WestPark Capital analyst Curtis Shauger reiterates Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Buy and maintains $320 price target.

WestPark Capital Reiterates Buy on Salesforce, Maintains $320 Price Target

Needham analyst Scott Berg reiterates Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Buy and maintains $400 price target.

Needham Reiterates Buy on Salesforce, Maintains $400 Price Target

Press Releases

Salesforce Unveils Life Sciences Partner Network to Accelerate Digital Labor and Data Programs

Proof Mark, Inc. Issues Fiduciary Letter to Salesforce CEO Marc Benioff Over Governance Concerns and Board Silence on Red Flags

Salesforce Introduces New Flexible Agentforce Pricing to Accelerate the Digital Labor Revolution

Small Cap

Opinion

New Healthcare AI Models Could Reshape Everything From Burnout to Diagnostics

Salesforce Engages with Takeda to Bring Cutting-Edge AI-Powered Customer Experience Platform to Life Sciences Industry

Indeed Deploys Agentforce to Streamline Employer Onboarding with AI-Powered Support

Salesforce Signs Definitive Agreement to Acquire Informatica

Johnson Fistel Investigates Fairness of Proposed Sale of Informatica

Salesforce Reports Record First Quarter Fiscal 2026 Results

NYSE Content Advisory: Pre-Market update + Nvidia, Salesforce beat on earnings

AVAI

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INFA

PLTR

XPOF

Adobe

Autodesk

Ansys

Applovin Corporation - Class A Common Stock

AppLovin

Bentley Systems, Incorporated - Class B Common Stock

Bentley Systems

Cadence Design Systems, Inc. - Common Stock

Cadence Design Systems

Datadog

Docusign

Dynatrace

Fair Isaac

Guidewire Software

HubSpot

Intuit

Samsara

MicroStrategy Incorporated - Class A Common Stock

Strategy

Nutanix

Palantir Technologies Inc. - Class A Common Stock

Palantir Technologies

Roper Technologies

Synopsys

Atlassian Corporation - Class A Common Stock

Atlassian

Tyler Technologies

Workday

Zoom Communications, Inc. - Class A Common Stock

Zoom Communications

Wells Fargo

Piper Sandler

Oppenheimer

Northland Capital Markets

Morgan Stanley

Screenshot 2024-08-26 at 7.19.14 PM

AAPL

AMZN

FEPI

MSFT

NVDQ

ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:01 AMMay 21, 2025	CALL	$280.00	Jun 20, 2025	20	400	400	8	4793	TRADE	NEUTRAL
10:36 AMMay 19, 2025	CALL	$320.00	Aug 15, 2025	76	1056	1000	181	584	TRADE	BULLISH
10:07 AMMay 16, 2025	CALL	$290.00	Mar 20, 2026	293	350	350	123	285	TRADE	BULLISH
09:52 AMMay 15, 2025	CALL	$280.00	Jun 20, 2025	20	783	763	17	4496	SWEEP	BULLISH
09:50 AMMay 15, 2025	CALL	$290.00	Jun 17, 2027	747	1482	1482	4491	33	SWEEP	NEUTRAL
10:12 AMMay 14, 2025	CALL	$350.00	Jun 18, 2026	383	360	275	50	720	SWEEP	BEARISH
10:11 AMMay 14, 2025	CALL	$340.00	Jan 16, 2026	230	350	350	26	1349	TRADE	BEARISH

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