Salesforce Inc ( CRM )‘s shares are trading higher Thursday after the company priced an underwritten public offering of $25 billion in senior notes.

Net proceeds will go toward repurchasing common stock. These buybacks will occur through accelerated share repurchase (ASR) agreements.

Momentum is also building around “Agentforce.” Nvidia Corp ( NVDA ) is preparing an open-source platform for AI agents called NemoClaw. Nvidia ( NVDA ) has approached Salesforce ( CRM ) regarding potential partnerships for this platform.

This comes as Salesforce ( CRM ) on March 3 launched an AI-powered fan companion for Formula 1, tracked via Liberty Media Corp .

Despite a difficult year for SaaS, Salesforce ( CRM ) posted a strong fourth quarter on Feb. 25. Revenue hit $11.2 billion, beating the $11.18 billion consensus.

Salesforce Technical Analysis

Salesforce ( CRM ) is trading 6.1% above its 20-day simple moving average (SMA), but it remains 12.6% below its 100-day SMA, showing a short-term bounce inside a still-damaged intermediate trend.

Shares are down 28.71% over the past 12 months and are currently positioned closer to their 52-week lows than highs.

Key Resistance: $235.50

Key Support: $180.00

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the May 27, earnings report.

EPS Estimate: $2.79 (Up from $2.58 YoY)

Revenue Estimate: $11.06 Billion (Up from $9.83 Billion YoY)

Valuation: P/E of 24.9x (Suggests fair valuation relative to peers)

CRM Stock Price Activity: Salesforce ( CRM ) shares were up 4.27% at $202.41 at the time of publication on Thursday, according to Benzinga Pro data.

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