Salesforce (CRM) continues to dominate the AI wave and cloud computing space, following the launch of Agentforce for Retail and Retail Cloud, which aim to enhance productivity and unify in-store and digital shopping experiences. Despite a rating downgrade from Guggenheim and bouts of trading down, Salesforce is heavily anticipated for robust growth with AI Integration, with projections for a 10% revenue growth from Raymond James. Major institutional owners like Franklin Street Advisors Inc., First Hawaiian Bank, and Diversified Trust Co have also increased their holdings in the company.
The software giant's future seems promising. Besides exceeding market returns, they have updated their Price Target to $400 as a top pick for 2025, reflecting analysts' confidence. Despite slower growth, many analysts remain bullish on the company. AI-driven shopping experiences and AI-based innovations have also immensely contributed to the company's growth, with holiday online sales hitting a record of $1.2T.
Deployments like its AI-fueled ProVision, and Agentforce 2.0, aiming for customized solutions to complex tasks continue to draw attention. The company faces challenges in its strategy shifts, but the potential to outperform in 2025 is seen as more significant.
Salesforce CRM News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 11 Jan 2025 19:35:44 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor -4
