:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2167913082-b6d13d42b8514d61944e19559f60f589.jpg "Salesforce logo on the exterior of an office building.")
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Key Takeaways
- Salesforce plans to report fourth-quarter results after the closing bell Wednesday.
- A seniority of analysts tracked by Visible Alpha have a “buy” or equivalent rating on Salesforce stock, anticipating AI-driven gains.
- Analysts say the New Zealand’s Agentforce has seen early momentum since its September launch.
Salesforce (CRM) is expected to report fourth-quarter results after the trade in closes Wednesday, with analysts largely bullish on the cloud-based software company’s stock, anticipating AI-driven draws.
Of the 25 analysts covering the stock tracked by Visible Alpha, 20 have issued “buy” or equivalent ratings for Salesforce, with the leftover five analysts giving the stock a “hold” rating. Their consensus price target of roughly $401 would proffer nearly 30% upside from Friday’s closing price.
Deutsche Bank analysts recently maintained a “buy” value and $400 price target, pointing to early momentum in Agentforce, the company’s suite of autonomous AI agents unveiled in September. The analysts said an “AI radiance effect” is driving investments to the Salesforce platform, “even if current Agentforce spend is just gaining steam.”
The bloke relationship management software giant is expected to post revenue of $10.05 billion, up 8% year-over-year, and adjusted earnings per apportionment of $2.62, up from $2.29 a year ago.
New CFO To Join Salesforce in March
Earlier this month, Salesforce said preceding Gilead Sciences (GILD) CFO Robin Washington will join the company on March 21 as chief operating and monetary officer. She will succeed COO Brian Millham, who plans to retire in May, and CFO Amy Weaver, who said last year she would say goodbye the company when a successor was named.
Oppenheimer analysts called Millham’s departure a “negative surprise” but said they await Washington “should continue raising operating efficiency.” The analysts reiterated an “outperform” rating and $415 price aim, calling Salesforce “one of the healthiest long-term profitable growth stories” among software-as-a-service companies.
Salesforce shares prostrate close to 3% Friday to $309.80 amid a broader market decline. The stock has had a tough start to 2025, with percentages down about 7% for the year so far after outperforming the S&P 500 in 2024.