Salesforce (CRM, Financial) is set to announce its third-quarter financial results. Analysts from Wedbush predict robust earnings and guidance, maintaining an "outperform" rating with a $375 target price. Revenue is expected to reach $9.35 billion with earnings per share of $2.45.
Recent surveys indicate increased customer adoption of Salesforce's product suite, driven by the demand for AI solutions that enhance automation and efficiency. The company's AI strategy, particularly the Agentforce tool launched in September, is seen as a pivotal growth catalyst. By 2025, Salesforce's annual revenue could potentially rise by $4 billion, as AI monetization efforts unfold over the next 12 to 18 months.
Agentforce, which integrates advanced AI capabilities, is designed to handle routine tasks, allowing humans to focus on complex issues, thereby improving sales and service outcomes. This initiative is expected to significantly contribute to Salesforce's growth trajectory.
