Salesforce: Wedbush maintains buy ahead of results

(CercleFinance.com) - Wedbush Securities on Wednesday renewed its 'outperform' rating and $425 price target on Salesforce shares, a week ahead of the release of the customer relationship management software specialist's quarterly results.


In view of the success of the Agentforce offering of customizable autonomous AI agents, the broker says it expects solid results, slightly ahead of expectations, accompanied by an encouraging outlook.

According to Wedbush, the decision by Marc Benioff's group to integrate AI into its entire CRM suite could pave the way for high-profile collaboration agreements.

In its view, Salesforce remains one of the very first beneficiaries of the ongoing AI revolution, which could add around $80 to its share price over the next 12 to 18 months, according to its calculations.

Salesforce is due to publish its fiscal fourth-quarter results on Wednesday, February 26, after the close of the US markets.

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