24/7 Wall St. assigned a "BUY" rating to Salesforce (CRM). The firm set a $333 price target, suggesting a potential 38% upside.
Rapid growth of the company's AI platform, Agentforce, drives this bullish outlook. Agentforce surpassed $1.5 billion in annual recurring revenue (ARR). It achieved a 240% year-over-year increase.
This assessment contrasts with investor concerns facing Amazon and Alphabet. These companies face massive AI-related expenditures.
Agentforce growth figures were announced in previous months. The renewed focus highlights Salesforce's success in converting AI initiatives into a significant revenue stream. This contrasts with broader market anxieties about AI investment profitability.