Source: Zhitong Finance
Wedbush reconfirmed its “outperforming the market” rating of Safran and raised its target price from $315 to $325.
Wedbush reaffirms yes $Salesforce (CRM.US)$ The “outperforming market” rating and raised the target price from $315 to $325, 17% higher than the current level. Safrus recently launched Agentforce, which allows customers to build and deploy autonomous artificial intelligence (AI) agents capable of handling a variety of tasks, and Wedbush said the new product resonated with customers.
Agentforce will be fully launched on October 25th.
“Based on recent surveys and numerous conversations with Dreamforce customers, the company's artificial intelligence strategy now resonates strongly with its core customer base,” said Daniel Ives, an analyst at Wedbush. The company provides an agent-first ecosystem that can interact with customers and employees across applications while providing an extended, comprehensive manager.”
Ives added, “In our opinion, one of the biggest initiatives in this area revolves around monetizing the AI theme based on SafeTime's huge installation base, because I believe this is an important opportunity to seize the market, which could significantly benefit Saifu in the next few years, and is estimated to increase total revenue by more than $4 billion a year.”
Wedbush sees Safrus as a second-tier beneficiary of the artificial intelligence revolution. Wedbush expects its stock price to rise by around $40 over the next 12 to 18 months as the story of monetization of SAFTSE's AI takes shape.
However, Seeking Alpha's analyst Yiannis Zourmpanos “holds” the rating for SAFTSE because he found that the company is highly valued and revenue growth is slowing.
He recently stated: “Despite a slowdown in sales growth, the company has proven its strength through strong profitability while expanding the footprint of artificial intelligence and multi-cloud solutions. Safrus has boldly advanced in these areas of innovation, laying a good foundation for the future. However, due to high valuations and slowing growth, investors must consider whether its share price is still reasonable, so we gave SAFTSE a holding rating.”
Overall, Wall Street analysts rated FTSE for a “moderate buy” rating, with an average target price of $309.71, which is 12% higher than the current level.
Editor/jayden