Salesforce is on the AI train, but that won’t guarantee blowout earnings

Salesforce Inc. is expected to highlight its AI products in its earnings report, but analysts cation that business spending hasn’t been as robust as expected.

Two things could help Salesforce on its outlook for the year, he said: the company’s recent price increases and a potential “faster-than-expected adoption of its premium, monetized AI products.” Wall Street analysts, on average, forecast fiscal second-quarter earnings of $1.90 per share on revenue of $8.53 billion.

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Jobs and Inflation Data, Salesforce and Best Buy Earnings, and More to Watch This WeekEarnings reports from Best Buy, HP, Salesforce, Broadcom, Dollar General, and more. Plus, August jobs data, July core PCE inflation, and the July JOLTS report.
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JPMorgan appears to be getting a little nervous about Salesforce ahead of earningsAnalyst Mark Murphy maintained his buy rating on the cloud-based software company, however.
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