Wedbush maintains an outperform rating for Salesforce, with a 12-month price target of $425 per share, noting the company's potential to benefit from the AI revolution. Salesforce's stock saw a nearly 3% increase in pre-market trading following the announcements, despite closing down 1.75% the previous day. The analysts emphasize Salesforce's strategic focus on CRM as a key factor in capturing market expansion as AI monetization progresses.
Key takeaways:
- Salesforce is expanding its sales team by adding 2,000 new positions to promote the latest version of its Agentforce platform.
- Agentforce 2.0 introduces new features such as integration with Slack, enhanced CRM software, and improved accuracy, positioning Salesforce as a leader in AI solutions for enterprises.
- Wedbush analysts predict Salesforce will significantly benefit from the AI revolution, with a potential $7 trillion digital labor market opportunity over the next 12 to 18 months.
- Wedbush maintains an outperform rating for Salesforce, with a 12-month price target of $425 per share, as the company is well-positioned to capitalize on AI-driven market expansion.