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Salesforce stock forecast aligns with sector trends showing

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Salesforce stock forecast aligns with sector trends showing enterprise software outpacing broader tech growth. The CRM leader is expected to capitalize on increasing cloud budget allocations by multinational firms. A deal with the U.S. Army worth up to $10 billion over the next decade The company reported earnings per share of $1.04, topping Wall Street’s estimates of $1 and above the $0.93 per share earnings it reported a year ago. Revenue remained flat year over year, coming in at $33.9 billion. Analysts were looking for $34.1 billion, according to S&P Global Market Intelligence. Salesforce stock forecast updates reveal institutional ownership surpassing 78%, a sign of confidence from pension funds and hedge managers. High liquidity in the shares adds appeal to large-volume traders.