Oppenheimer remains long-term positive on Salesforce after meetings

Oppenheimer reiterates an Outperform rating on Salesforce (CRM) with a $370 price target after meeting with management. The company’s tone was upbeat around demand for multiple products, the artificial intelligence platform capabilities, Agentforce and Data Cloud, and momentum with the top of the funnel, the analyst tells investors in a research note. The firm says that while a lack of near-term catalysts and the Informatica (INFA) deal announcement are currently overhanging the stock, it remains long-term positive on Salesforce. The company has a favorable data positioning for the future of AI as a core system-of-records supplier, contends Opco.