Truist Financial analyst Terry Tillman maintains $Salesforce (CRM.US)$ with a buy rating, and sets the target price at $380.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 16.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Salesforce (CRM.US)$'s main analysts recently are as follows:
The firm's recent evaluations focus on Salesforce's introduction of its new Agentforce offering, as well as the broader potential for selling artificial intelligence agents tailored for customer support tasks.
The broader software sector is poised to engage significantly with artificial intelligence, marked by an expected increase in enterprise consumption starting in 2025, involving extensive deployment of large language models. The anticipated adoption of generative AI technologies is foreseen to act as a substantial driver for the industry. This momentum is reflecting in a positive outlook towards the artificial intelligence's next developmental stage in the software sector as we approach 2025.
The firm previewed Salesforce's quarterly results and expressed encouragement over the early reception of Agentforce and the potential for a stronger new AI-driven product cycle. However, they noted that expectations might be somewhat elevated, suggesting a period of patience could be required to witness meaningful impacts.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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