Salesforce Inc (NYSE:CRM) has been making waves on Wall Street with its cloud-based CRM platform and AI-powered tools. Recently, the company unveiled its Agentforce platform, further solidifying its position as a leader in the AI space.
On May 23, Jefferies reiterated their “Buy” rating on Salesforce with a price target of $375. The firm believes that Salesforce is an attractive investment leading up to its earnings release on May 28. Analysts are expecting Salesforce to report quarterly earnings of $2.54 per share, a 4.1% increase from the previous year. Revenues are also projected to increase by 6.6% to $9.74 billion compared to the same quarter last year.
Despite its strong performance, Salesforce ranks 6th on the list of AI stocks on Wall Street’s radar. While the company shows promise as an investment, there are other AI stocks with even greater potential for high returns and limited downside risk. For investors looking for a stock with 100x upside potential, Insider Monkey recommends checking out their report on the cheapest AI stock in the market.
In conclusion, Salesforce continues to be a standout player in the AI industry, but there are other opportunities worth exploring for investors seeking maximum returns. Stay informed about the latest developments in the AI sector by checking out Insider Monkey’s reports on 12 AI Stocks Making Waves on Wall Street Today and 10 AI Stocks on Latest News and Ratings.
Disclosure: None. This article was originally published on Insider Monkey’s platform.
