Wolfe Research Sees Strong AI Momentum at Salesforce, Inc. (CRM)

Salesforce, Inc. (NYSE:CRM) is among the stocks with the best earnings growth for the next 5 years. On January 15, Wolfe Research maintained an ‘Outperform’ rating on Salesforce, Inc. (NYSE:CRM) with an unchanged price target of $350, which suggests an upside potential of approximately 50%. This update follows the firm’s participation in Salesforce’s Agentforce World Tour in Boston.

The firm notes positive momentum for the company’s AI portfolio, highlighting that Agentforce is increasingly becoming more integrated throughout the company’s user interface. Instead of depending on separate chat interactions, the system now proactively offers agent-powered suggestions within current workflows, Wolfe Research added.

According to the firm’s analysis, early customer deployments of Agentforce mainly focus on internal use cases, including meeting setup, CRM data entry, and enterprise search, as well as customer service chatbots and sales development functions.

Three days earlier, on January 12, Raimo Lenschow from Barclays lifted the price target on Salesforce, Inc. (NYSE:CRM) to $338 from $330, while keeping an ‘Overweight’ rating on the stock. Slightly above the consensus 1-year median price target of $335, the target offers an upside potential of about 44%.

Salesforce, Inc. (NYSE:CRM) is a California-based provider of customer relationship management (CRM) technology. Incorporated in 1999, the company connects companies and customers together through its core offerings, including Agentforce, Data Cloud, Industries AI, and Slack.

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