Salesforce Inc’s (NYSE:CRM) Agentforce is likely to be “key to driving positive estimate revisions and refuting bear case,” according to Goldman Sachs.
• Salesforce shares are powering higher. Why is CRM stock up today?
The Salesforce Analyst: Analyst Gabriela Borges reiterated a Buy rating, while slashing the price target from $330 to $281.
The Salesforce Thesis: The company reported revenue, subscription revenue and EBIT margin in line with Street estimates, Borges said in the note.
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Salesforce guided to fiscal 2027 revenue and subscription revenue in line with consensus estimates, while EBIT margin was guided 60 basis points (bps) below, she added.
Regarding Agentforce, the analyst mentioned:
- The Salesforce platform for building and deploying autonomous AI agents generated 50% sequential growth.
- It continues to demonstrate strong momentum.
- Its ARR reached $800 million, up 169% year-on-year.
“We expect the most meaningful Agentforce tailwinds in Sales and Service,” she further wrote.
CRM Price Action: Shares of Salesforce had risen by 3.33% to $198.13 at the time of publication on Thursday.
Photo: JackPress via Shutterstock
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