Deutsche Bank analysts provided their outlook on Salesforce, Inc. (NYSE:CRM) ahead of tomorrow’s Q1 earnings announcement.
The analysts expect Q1 results to be far less eventful than Salesforce’s strong Q4 which included very respectable margin targets and other shareholder-friendly commitments. Since then, the stock is up 29%. With several activist investors having now largely come and gone, the analysts believe the fundamental debate focuses on the next chapters of this story, and in particular the rate at which the company can grow from here.
As for the quarter, the analysts’ recent partner checks were unsurprisingly mixed given Q1 seasonality, a tough backdrop, and significant changes at Salesforce, but they think there’s enough there for results to be fine.