BMO Capital analyst Keith Bachman lowered the firm’s price target on Salesforce (CRM) to $335 from $350 and keeps an Outperform rating on the shares. The firm notes that while its recent feedback on Data Cloud and Agentforce cadence is mostly positive, it was still a bit disappointed in the apparent momentum, the analyst tells investors in a research note. Agentforce and AI for Salesforce more broadly will require investor patience for revenue impact, though Salesforce shares still offer an attractive valuation relative to high single-digit growth, BMO added.
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