Salesforce Stock Gets Boost After Upbeat Revenue Prediction

The stock's technical setup looks promising right now

Digital Content Manager
Sep 23, 2021 at 9:17 AM
facebook X logo linkedin


Salesforce.com, Inc (NYSE:CRM) this morning lifted its full-year 2022 revenue forecast to a slightly higher range of $26.25 billion to $26.35 billion, and initiated a full-year revenue outlook of $31.65 billion to $31.80 billion, blowing past analysts' estimates. The company cited rising demand for its cloud-based software as more people adopt a hybrid work style, due to the pandemic. 

In response, the equity is up 3.2% at $267.34 in electronic trading, as it attempts to bounce back from its late-August fall off its annual high of $275.22, guided higher by the 40-day moving average. The stock looks ready to take back recent pressure at its 20-day moving average, too, and is now up over 16.5% in 2021. 

Sentiment is mostly bullish among the brokerage bunch. Of the 25 in coverage, four consider CRM a "hold," while the remaining carry a "strong buy."

Lastly, options traders are also swimming in optimism, with calls hot. Specifically, CRM's 50-day put/call volume ratio of 2.85 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands higher than 98% of readings in its annual range.

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI