Salesforce (CRM) is betting big on AI-driven CRM tools, using Einstein GPT and Agentforce to improve customer interactions and streamline workflows. Further, CRM is expanding tailored offerings for finance, retail, healthcare, and manufacturing, making its platform more useful. According to TipRanks AI analyst, CRM stock scored 83 out of 100 with an Outperform rating. Let’s explore Salesforce’s outlook and opinion on Wall Street.
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CRM Stock’s Bullish Case
According to TipRanks AI analyst, Salesforce stock’s score reflects strong financial performance and a positive earnings call which reflects strong growth, bottom line, and strategic product expansion.
Among the positive factors, analysts see potential in Agentforce, CRM’s AI automation tool, to help grow the company’s market reach. Also, it is expected to open new revenue streams and drive sustainable growth in the low-to-mid teens range.
Further, Salesforce is poised to benefit from the rising digitization trend in businesses, thanks to its robust cloud offerings and cutting-edge AI tools like Agentforce.
While technical analysis shows an uptrend, valuation concerns persist due to its high P/E ratio. However, despite industry-specific hurdles, CRM’s market strength and AI-driven strategy continue to support a positive outlook.
Is CRM a Buy, Hold, or Sell?
Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 31 Buys, eight Holds, and three Sells assigned in the last three months. At $356.54, the average Salesforce stock price target implies a 25.8% upside potential.
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