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Salesforce found growth catalyst in Agentforce offerings, says Roth Capital

Roth Capital keeps a Buy rating and $395 price target on Salesforce (CRM) after its Q2 results. The company’s revenue growth has been weak for two years, necessitating cost cuts and controls, though it also appears to have found a growth catalyst in its AI-driven Agentforce offerings, with AI+Data revenue up 120% y/y to $1.2B, the analyst tells investors in a research note. Roth is remaining constructive and believes shares should strengthen over the year ahead, the firm added.

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