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Benzinga
174 days

Salesforce Stock Drops Below Key Levels Ahead Of Q4 Earnings – Is A Rebound Coming?

1. Salesforce reports Q4 earnings Wednesday; EPS expected at $2.61. 2. CRM stock in bearish trend, trading below key moving averages. 3. Analysts predict 26.5% upside, with a target price of $378.03. 4. Current stock price is $308.35, showing recent technical pressure. 5. RSI indicates oversold conditions, potential for a price bounce.

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FAQ

Why Neutral?

Despite bearish indicators, analyst ratings predict significant upside potential.

How important is it?

Earnings expectation impacts market sentiment and stock performance significantly.

Why Short Term?

Earnings results could impact stock price immediately, with analysts noting potential recovery.

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