Despite recent stock underperformance, Salesforce is considered well-positioned to capitalize on AI agent technology, with Wall Street generally positive about its prospects. The company has been actively hiring for its AI strategy, even as it reduces jobs in other areas. With the stock trading at a discount compared to its historical averages and other tech indices, an upside surprise in the upcoming report could serve as a catalyst for stock recovery. The long-term outlook remains strong, with expectations that Agentforce will become a significant part of Salesforce's business.
Key takeaways:
- Salesforce is well positioned to deploy AI agents into its software for functions like customer service, scheduling, and lead scoring.
- The company's Agentforce product is seen as a key driver for future growth, despite recent stock underperformance.
- Wall Street is optimistic about Salesforce's ability to capitalize on AI, with expectations for positive results from Agentforce.
- The stock is considered a relative bargain among megacap AI stocks, with potential for significant upside if Agentforce succeeds.