Salesforce (CRM) recently launched Agentforce 3, a major update to its AI platform. The upgrade includes improved tools for managing AI agents, easier integration with other systems, and faster deployment. Five-star analyst Brian White from Monness sees it as a big step in the company’s AI roadmap.
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However, he cautioned that the company’s goal to deploy one billion AI agents by the end of 2025 may be difficult to achieve.
Also, he noted that while CRM has the right tools to compete in the generative AI space, such as a strong cloud business and advanced AI tech, the Top analyst pointed out several headwinds. These include slow growth, intense competition, shifting software trends, and a tough global economy.
Overall, White reiterated a Hold rating on Salesforce stock.
TD Cowen Analyst Remains Optimistic
Following the release of Agentforce 3, Top TD Cowen analyst Derrick Wood maintained a Buy rating on CRM stock as he is optimistic about the new features.
The analyst pointed out that a recent Slack study showed daily AI usage has jumped 233% in six months, reflecting growing demand. He believes that Salesforce is well-positioned to boost its position in the AI space with Agentforce.
Is CRM a Buy, Sell, or Hold?
Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 34 Buys, nine Holds, and three Sells assigned in the last three months. At $347.25, the average Salesforce stock price target implies a 26.97% upside potential.
