Salesforce Reports 4% Dividend Increase Amid Stock Slide

Salesforce.com (CRM) has faced a challenging market recently, with shares declining 14.9% over the past month compared to a 12.1% drop in the S&P 500. Despite this, analysts maintain a positive outlook, with Jefferies setting a price target of $375 and a consensus recommendation of 'Moderate Buy.' Salesforce is expected to report a quarterly earnings increase of 4.1%, reflecting a year-over-year growth trend, while also announcing a 4% increase in quarterly dividends. The company’s strategic investments in AI and collaborations, particularly with Deloitte, are seen as critical to its growth, amidst broader market turbulence. Despite underperforming the market, Salesforce's long-term prospects remain strong due to its innovative product launches and transition to consumption-based pricing. Overall, the average one-year price objective for Salesforce stands at approximately $375, indicating significant upside potential from current levels.