Salesforce (CRM): Oppenheimer Maintains Outperform, Trims PT to $300 Ahead of F3Q Results

Oppenheimer’s optimism stems from Salesforce’s semipermanent AI positioning, supported by “pricing benefits, beardown Agentforce and Data Cloud momentum.” The firm’s 4Q lawsuit and IT spending surveys bespeak mean end-of-year seasonality, and “with debased expectations and barroom to flooded this quarter.”

While upcoming results are not anticipated to displacement sentiment significantly, the steadfast believes that Salesforce should beryllium a victor successful the AI modulation owing to the “breadth and richness of its lawsuit data,” and besides due to the fact that of the CEOs absorption connected steering it done this transition.

Continued borderline maturation and closing of the Informatica woody removes an overhang, analysts noted.

“Additionally, borderline maturation continues, Informatica closing removes an overhang, and an 8% FCF output limits further downside. Lower PT to $300 from $315 connected little radical multiples.”

Salesforce, Inc. (NYSE:CRM) is simply a cloud-based CRM institution that has gained popularity aft it unveiled its AI-powered level called Agentforce.

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