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Investing.com - Cantor Fitzgerald maintained its Overweight rating and $325.00 price target on Salesforce.com (NYSE:CRM) stock, currently trading at $272.15 with a market cap of $260.18B, ahead of an upcoming client call featuring a customer of the company’s Agentforce product. According to InvestingPro data, 37 analysts have recently revised their earnings expectations upward for the upcoming period.
The investment firm announced it will host a call with Julian Lustig on Wednesday, July 9th at 11am ET. Lustig was directly involved in the request for proposal (RFP) process, selection, and implementation of Agentforce at Co-operators Group Limited.
During the call, Lustig will share insights on Agentforce’s capabilities, limitations, and pricing model. The discussion will cover why Co-operators chose Agentforce, the success of agents deployed so far, and areas needing improvement.
Additional topics will include changes to the Agentforce pricing model, the roadmap for future agent rollouts, and where Agentforce could drive return on investment within the organization.
The call will also address IT budget trends, including which vendors might see increased or decreased spending within Co-operators Group Limited.
In other recent news, Salesforce announced the release of Agentforce 3, a significant upgrade to its digital labor platform. This update introduces a new Command Center for monitoring AI agents, which has shown promising results in reducing customer case handle time and resolving administrative tasks autonomously. Salesforce also revealed that AI agent usage has surged by 233% over six months, with 8,000 customers adopting the platform. In terms of financial updates, Cantor Fitzgerald maintained its Overweight rating and a $325 price target on Salesforce, highlighting the company’s new AI pricing structures and product updates. The firm noted that the simplified pricing could lower adoption barriers and potentially drive broader AI usage. Additionally, KeyBanc reiterated an Overweight rating with a $440 price target, analyzing the potential acquisition of Informatica to address data challenges. Meanwhile, Citizens JMP reiterated its Market Outperform rating with a $430 price target following comments from Salesforce CEO Marc Benioff on AI handling up to 50% of work within the company. These developments reflect Salesforce’s ongoing efforts to integrate and monetize artificial intelligence across its offerings.
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