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The Ratings Game: Salesforce stock logs best day in 3½ years as analysts embrace confidence in growth

Salesforce.com Inc. shares rallied for their strongest gain in more than three-and-a-half years Wednesday as analysts took a strong earnings report and outlook as a sign the customer-relations management software company may be insulated from a feared tech downturn.

Salesforce CRM, +10.27% shares surged 10.3% to close at $140.64 for their best one-day percentage gain since April 29, 2015, after third-quarter results and next year’s outlook topped what Wall Street analysts had estimated at the time.

Salesforce shares were also Wednesday’s strongest performer on S&P 500 index SPX, +2.30% which closed up 2.3%. Shares of software company Adobe Inc.

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