Salesforce stock (CRM) has seen a surge due to a truce with activist investor Elliott Management, the introduction of new AI services, and price increases on key products. The stock gained 5% in July, outperforming the market. CEO Marc Benioff's net worth has risen by $2.5 billion. Salesforce raised prices by an average of 9%, driving positive reactions from analysts. The company's AI Cloud product and upcoming AI tools have also generated excitement. Improved expense control and expectations of higher profit margins contribute to the positive outlook, despite economic uncertainties.
It is fair to say previous highs are near posibility.
It is fair to say previous highs are near posibility.
Comment:
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