Stifel analyst J. Parker Lane maintains $Salesforce (CRM.US)$ with a buy rating, and adjusts the target price from $320 to $350.
According to TipRanks data, the analyst has a success rate of 43.1% and a total average return of -1.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Salesforce (CRM.US)$'s main analysts recently are as follows:
Upon a closer examination of Salesforce's potential for agent-based AI and its implications for the company's revenue, it is recognized that there is a considerable amount still unknown. It is therefore prudent to hold off on modifying any financial models until more information is available from the company, early adopters, and additional partners. Nevertheless, preliminary estimates indicate that the 'Agentforce Service Agent' could represent a multi-billion dollar opportunity for Salesforce, with current valuations possibly underestimating the sustained revenue growth that this new agent model could deliver.
After conducting a survey involving 33 customers to gauge the outlook for IT spending in Q4 and into 2025, investment priorities in software, the impact of generative AI, and the potential for Data Cloud revenue generation, indications point to a mix of trends affecting Salesforce. There's a suggestion that while factors that could reignite Salesforce's revenue growth seem to be on the horizon, a variety of influences such as a typical end-of-year surge in IT spending, introductions of products like AgentForce and Data Cloud, potential shifts in interest rates, and the conclusion of the U.S. elections, are expected to stabilize the company's sales efficacy and contribute to a more predictable pattern in its upcoming quarterly financial disclosures.
Note:
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