Highlights:
- Salesforce's (CRM, Financial) AI agent, Agentforce, gains attention for transformative innovations.
- Wall Street analysts predict a significant upside potential for Salesforce stock.
- Salesforce receives an "Outperform" rating aligned with GuruFocus estimates.
Salesforce's AI Breakthrough with Agentforce
Salesforce (CRM) recently captivated audiences at a world tour event by unveiling its AI agent, Agentforce, which has been making waves in the tech community. Notably, Analyst Scott Berg from Needham commended Salesforce's strides in merging AI with critical functionalities such as Scheduling and HR within customer service—areas that account for 87% of its use cases. Berg lauded these enhancements as pivotal, supported by improved integration features and AI feedback mechanisms. Recognizing the potential of these innovations, Berg has reaffirmed his Buy rating on Salesforce, setting an ambitious price target of $400, driven by the company’s streamlined approach to AI agent development.
Wall Street Analysts' Projections
The consensus among 47 Wall Street analysts paints an optimistic picture for Salesforce Inc (CRM, Financial), with an average one-year price target of $365.42. This range spans a high estimate of $442.00 and a low of $200.00. The average target indicates a potential upside of 36.43% from its current stock price of $267.85. Investors can explore more detailed projections on the Salesforce Inc (CRM) Forecast page.
Additionally, based on insights from 53 brokerage firms, Salesforce maintains an average brokerage recommendation of 2.0, signifying an "Outperform" status. This rating lies within a scale where 1 denotes a "Strong Buy" and 5 signifies a "Sell."
GuruFocus Valuation Insights
GuruFocus estimates place the GF Value of Salesforce Inc (CRM, Financial) at $289.50 over the next year, suggesting an upside of 8.08% from its current price of $267.85. The GF Value represents GuruFocus' assessment of the fair market value, reflecting historical trading multiples, past growth trajectories, and future performance expectations. Investors seeking a detailed analysis can refer to the Salesforce Inc (CRM) Summary page.
