Why Analysts Are Bullish After Salesforce Earnings Missed Estimates | Global News Avenue

Salesforce(CRM) Stocks in the company on Thursday Weak expectations of income and prospectsbut Morgan Stanley analysts said they remain bullish on the stock and expect it to have “significant room” this year.

Morgan Stanley noted that early growth in Salesforce’s new platform, Agentforce, allows customers to build custom AI agents. Since the item is generally available in October, Salesforce has completed more than 5,000 agency transactions, including 3,000 paid transactions.

Analysts said the stock could “may climb from here”, reiterating the “overweight” rating and a target of $405, suggesting about 46% from Thursday’s intraday price. “We will be a strong buyer for Salesforce before these potential improvements,” they said.

Wedbush analysts say monetization agents are “still in their early stages”, suggesting a great potential for growth. They said cloud services companies “take a cautious approach to expanding agents, which will pay off in the AI ​​revolution that is now entering the software stage.”

Bank of America lowered its price target from $440 to $400, telling customers that they may have to wait until fiscal 2027 to see Agentforce’s material revenue contribution. However, Bank of America says it still regards stocks as preferred and quality GARP (growth at a reasonable price) Options.

Salesforce shares fell about 3% to $298.55 in trading Wednesday afternoon, losing about 11% of its value since the beginning of the year.