Salesforce poised for biggest daily gain in six years after upbeat forecast
BUZZ-Salesforce poised for biggest daily gain in six years after upbeat forecast Updates
** Business software provider Salesforce's CRM.N shares jump as much as 21.6%; on track for biggest one-day rise since August 26, 2020
** Software stocks gained across the sector, with shares of ServiceNow NOW.N, Atlassian TEAM.O, Adobe ADBE.O and Accenture ACN.N up between 3.9% and 8.7%, lifting the S&P 500 Software & Services index .SPLRCIS to its highest level since December
** CRM raised its annual revenue and profit forecasts on Wednesday and rolled out a new plug-in combining its capabilities with Anthropic's Claude AI models
** 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
** 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
** 55 analysts rate the stock "buy" on average; their median PT is $270.5 - data compiled by LSEG
** As of last close, stock down 5.6% YTD
(Reporting by Akriti Shah and Rashika Singh in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))