FMP
Dec 26, 2024(Last modified: Dec 27, 2024)
Wedbush analysts reaffirmed an Outperform rating and a $425 price target for Salesforce (NYSE:CRM), citing the company’s strong positioning in the evolving AI landscape. With the software industry entering a new phase of AI-driven monetization, Salesforce is poised to capitalize on a massive $7 trillion digital labor market opportunity.
The company’s Agentforce 2.0 initiative is at the forefront of this transformation, enabling next-generation AI agents to leverage customer data for advanced automation and cost-saving solutions. By incorporating robust trust layers, Salesforce aims to redefine digital labor, allowing AI to execute complex tasks and enhance business operations.
As the AI monetization phase unfolds, Salesforce is expected to emerge as a significant beneficiary, potentially adding $80 per share in value over the next 12 to 18 months. With CEO Marc Benioff steering this strategic pivot, Salesforce is well-positioned to lead in a new era of AI-powered growth and innovation. Wedbush’s outlook underscores confidence in Salesforce’s ability to harness AI to drive both operational efficiency and market expansion.
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