tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

BofA says Salesforce Q2 ‘not inspiring,’ sees AI-driven reacceleration coming

BofA argues that Q2 results “are not enough to dispel the bear case that Salesforce’s (CRM) business could be under pressure from Agentic AI,” but also notes that backlog is growing a steady 11% before material contribution from Agentforce, which leaves the firm seeing line of sight to 11% to 12% backlog growth in FY27 with gradual continued Agentforce traction. The firm, which tweaks its estimates to reflect updated guidance and reiterates a Buy rating and $325 price target on the shares, sees “limited downside” at the current valuation.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1