Salesforce (NYSE:CRM – Get Free Report) had its target price upped by research analysts at Monness Crespi & Hardt from $200.00 to $222.00 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the CRM provider’s stock. Monness Crespi & Hardt’s price target would indicate a potential upside of 14.91%…
The U.S. economy got more efficient last quarter. Nonfarm productivity, which measures hourly output per employee, rose at a 1.4% annualized pace in the second quarter.
The company reported adjusted earnings of 42 cents per share, topping the analyst consensus estimate of 40 cents. Revenue increased 34.3% year over year to $3.58 billion, exceeding the consensus estimate of $3.45 billion.
Aug 5 – Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services and driving broader consumer demand.
