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Barchart
Barchart
Mark R. Hake, CFA

Salesforce Stock Moves Higher - Investors Anticipate Huge Cash Flow

Salesforce CRM

Salesforce Inc (CRM) stock is rising based on investors' anticipation that its Q3 earnings for the quarter ending Nov. 30 will show strong operating and free cash flow (FCF). CRM stock could be worth much more - up to 30% more at $448 per share.

CRM is trading at $343.31 midday on Nov. 12, up from a recent low of $243.97 on Sept 6.  However, based on its strong FCF outlook, it could have substantially more to go.

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