Salesforce stock is in spotlight with mixed news from market analysts. While there has been speculation about Salesforce's major cloud deal with
Microsoft,
Oracle and
Google to handle AI, Salesforce CEO,
Benioff denied the rumors and reasserted collaboration with Google. As Q4 earnings approach, analysts predict strong performance based on Wall Street's estimates of key metrics. Furthermore, a significant partnership with TCS for
manufacturers and
semiconductor chip makers bolsters Salesforce's standing. Despite cutting 1,000 roles, hiring spree for AI-focused salespeople is underway. Salesforce's AI cloud offerings expansion received attention, including potential partnerships and billion-dollar deals. Amidst challenging market conditions, Salesforce's stock performance - powered by AI - is expected to finish FY25 strongly. However, a COO departure has led to some turbulence. Price targets from various
analysts vary significantly, and a recent organizational restructure for AI push and a Saudi Arabian investment in AI advancement are noteworthy. Despite rumors, Salesforce denied talks for a billion-dollar cloud deal. The focus lies on AI's impact - with investment in Saudi Arabia, potential for new hires, and growth driven by Agentforce.
Salesforce CRM News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 22 Feb 2025 12:00:00 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 5
