Salesforce rises after higher forecasts, Claude AI plug-in
CRM•Salesforce shares rise on raised forecasts and Claude AI plug-in
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Business software provider Salesforce's CRM.N shares rise nearly 13% to $232.32 premarket
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The company lifted its annual revenue and profit forecasts on Wednesday and rolled out a new plug-in combining its capabilities with Anthropic's Claude AI models
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Barclays says CRM announced Claudeforce, which enables customers to use CRM data in Claude, adding that combined with Slack it could create a major unlock for enterprise adoption
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CRM Q2 revenue of $11.35 billion beat estimates of $11.32 billion, while adjusted EPS of $5.9 beat expectations of $3.27 -data compiled by LSEG
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55 analysts rate the stock "buy" on average; median PT $246 - data compiled by LSEG
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As of last day's close, stock down 22.4% YTD
