Several high-profile investors and firms are showing increased interest in Salesforce, Inc. (CRM) including American Century Companies Inc., Virtu Financial LLC, and Mizuho Securities USA LLC, among others. The company currently in the headlines for its escalated competition with ServiceNow and for its integrations with Amazon Connect to boost their CRM capabilities. Salesforce Stock has witnessed strong results with an upsurge, further boosted by AI innovations that are being reassessed in the market.
However, its price target has been lowered to $345 from $400 at Scotiabank amidst revenue misses and disappointing guidance. Despite this, Jim Cramer has shown confidence in the company and believes it's worth investing further into. Salesforce's future growth is being connected to its successful implementation of AI agents along with a multi-billion dollar deal with Google Cloud aiming to enhance AI and CRM integration. Yet, this optimism is dampened by weak revenue outlook as AI products continue to ramp up.
Salesforce CRM News Analytics from Mon, 27 Jan 2025 08:00:00 GMT to Sat, 22 Mar 2025 19:13:36 GMT - Rating 7 - Innovation -2 - Information 8 - Rumor -4
