Salesforce Upgraded to Buy: Agentforce Buzz Drives Analyst Optimism

Generado por agente de IAWesley Park
viernes, 17 de enero de 2025, 4:29 pm ET1 min de lectura
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Salesforce (CRM) stock has been on a roll, and analysts are taking notice. TD Cowen recently upgraded the stock to Buy, citing the potential of Agentforce, Salesforce's AI-driven platform. The upgrade comes as Salesforce's stock has pulled back from its all-time high, presenting an attractive entry point for investors.



Agentforce, launched in October 2024, has seen strong early interest, with 200 deals closed in the quarter. The platform is designed to automate tasks, improve productivity, and drive business growth. TD Cowen analyst Derrick Wood expects Agentforce to start contributing to Salesforce's revenue in the second half of 2025, with investors willing to be patient for the long-term potential of the AI platform.



Wood's bullish price target of $400 reflects his confidence in Agentforce's potential to drive revenue growth. Other analysts have also raised their price targets for Salesforce stock, with Stifel raising its target to $425 from $390 and Bank of America raising its target to $440 from $390.

Salesforce's strong financial performance and growth prospects have analysts bullish on the stock. The company's Current Remaining Performance Obligation (cRPO) grew by 10% year-over-year in the third quarter of fiscal 2025, reflecting steady customer demand. Additionally, Salesforce's operating margins improved, with GAAP margins at 20% and non-GAAP margins at 33.1%.



In conclusion, TD Cowen's upgrade of Salesforce to Buy is well-supported by the company's strong financial performance, the potential of Agentforce, and analysts' bullish price targets. Investors looking for exposure to the growing AI market may want to consider Salesforce as a compelling option. As Agentforce continues to gain traction, Salesforce's stock could see further upside, making it an attractive buy at current levels.

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