Citi analyst Tyler Radke maintains $Salesforce (CRM.US)$ with a hold rating, and adjusts the target price from $290 to $368.
According to TipRanks data, the analyst has a success rate of 56.4% and a total average return of 8.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Salesforce (CRM.US)$'s main analysts recently are as follows:
Agentforce has begun overshadowing Salesforce's narrative, bolstered by positive feedback from partners which pushed the stock up by 35% since Dreamforce. As Salesforce approaches its Q3 report on December 3, emerging trends suggest a modest improvement in demand. Revenue and bookings growth are anticipated to stay in the high-single-digits, aligning with the general expectations for Q3 and Q4.
For the broader software sector, the advent of Artificial Intelligence (AI) is anticipated to serve as a significant catalyst, particularly as use cases multiply. The entry into the enterprise consumption phase, marked by the wide-scale deployment of large language models by 2025, underscores the sector's transformative trajectory into the next phase of AI's evolution. This growing optimism in the sector's potential is further underpinned by the expected surge in generative AI adoption.
Note:
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