Salesforce (CRM) will likely have mixed business trends in fiscal Q4 results, but with durable margin improvement and earnings per share growth, Oppenheimer said in a note Wednesday.
Salesforce will report its Q4 results next Wednesday. Oppenheimer estimates revenue of $9.22 billion and pro forma EPS of $2.26. The investment firm’s data “around demand and pipeline momentum were mixed for [Salesforce’s] business” in the quarter, according to the note.
Salesforce’s operating environment appears mostly the same as Q3 despite improved seasonality, “while the investor expectations and estimate risk appears low,” Oppenheimer said.
The company is also likely to sustain double-digit revenue growth in fiscal year 2025, driven by factors including increased multiproduct penetration, pricing and AI adoption.
The investment firm reiterated its outperform rating and $325 price target for Salesforce.