((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Dec. 4 – **Shares of cloud computing company Salesforce CRM.N rise 13.6% to $376.6 in premarket trading
**At least 16 brokers raise price targets on stock
** CRM reported Q3 revenue of $9.44 billion on Tuesday, beating estimates of $9.35 billion – LSEG
**The company’s 8% year-on-year revenue growth was driven by accelerating international growth (, strong new business in Latin American countries, Canada and Australia), the strength of average revenue per user and the resilience of demand for CRM cloud services – DA Davidson
** CRM’s consistent cRPO (current remaining performance obligation) growth of around 10% will reassure investors as the core business remains on track – Raymond James
**The company now expects fiscal 2025 revenue to be between $37.8 billion and $38 billion, compared to previously forecasting a range of $37.7 billion to $38 billion
**Thirty-nine of 49 brokerages rate the stock at “buy” or higher, 10 at “hold”; their median forecast is $380
** Until the last close, the stock was up ~26% year to date
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