Salesforce (CRM) stock rises on plans to cut 10% of workforce, seen as a positive first step

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Go back to Salesforce (CRM) stock rises on plans to cut 10% of workforce, seen as a positive first step

salesforce.com (CRM) cuts 'displays commitment to margin expansion' - Stifel

January 4, 2023 10:50 AM EST

Stifel analyst Parker Lane reiterated a Buy rating and $175.00 price target on salesforce.com (NYSE: CRM) after the company announced plans to cut 10% of its workforce. The analyst said the news "displays commitment to margin expansion" and "most likely a pull forward of the >25% non-GAAP operating margin target (FY26)".

The... More

salesforce.com (CRM) 10% job cuts 'positive', but larger than expected - BMO

January 4, 2023 9:40 AM EST

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $172.00 price target on salesforce.com (NYSE: CRM) after the company announced it would cut 10% of its workforce.

The analyst commented, "Salesforce announced a 10% RIF this morning and we offer a few comments.... More