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Salesforce holds live event on August 26 featuring Q2 results discussion: Can CRM break above $211.07?
Salesforce is set to host a live event on August 26, including a customer pre-show and a presentation of its FY27 Q2 financial results with top executives. Shares edge higher on the day, trading at $209.72.
CRM price prediction
Current price:
$217.86
0.2900
0.13%
Closed
11/13
Daily range
215.60
218.69
218.69
Weekly range
208.97
219.22
219.22
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Highlights
- Salesforce will present its FY27 Q2 financial results on August 26 with top executives hosting the event.
- Shares of Salesforce edge higher on the day, trading at $209.72.
- 160 of 212 analysts rate Salesforce stock a buy and the median price target is $236, 12.5% above current levels.
Salesforce will hold a live event on August 26 featuring a pre-show with customers, followed by a discussion of FY27 Q2 financial results led by Chair and CEO Marc Benioff and President and Chief Operating and Financial Officer Robin. Among 212 analysts following the company, 160 rate its stock a buy, and the median price target is $236, about 12.5% above the current level. The company currently trades at $209.72.
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Chart structure stays bullish as RSI nears overbought territory
Shares of Salesforce opened the session with a gap up from $208.69 to $211.52 before giving back part of that move. The price remains above its MA-20, MA-50, and MA-200, which keeps the daily chart structure bullish. With the RSI approaching 65.9, the advance is starting to look stretched, suggesting limited further upside as the indicator nears overbought territory. The nearest resistance is the weekly high at $211.07.
Upside odds dominate as traders target a close above resistance
A close above $211.07 would indicate buyers are willing to support the move. The session began with a gap up from $208.69 to $211.52 and has since pulled back from those early gains. From here, the upside probability stands at 78% and the downside probability at 22% for the coming trading week, with an expected trading range of $201.74 to $217.69. A drop below $200.8 would show the move is being faded. On the weekly chart the longer-term picture stays mixed.
Earlier, analysts noted that Salesforce's overall technical strength and ongoing buyback activity supported a bullish outlook, though caution was advised amid overbought signals. As the company enters its Q2 results event trading near a major resistance level, focus shifts to whether bulls can force a weekly close above $211.07 to confirm further upside.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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