Formula 1 and Salesforce, Inc. (CRM) Announce Deepened Partnership

Salesforce, Inc. (NYSE:CRM) is one of the best undervalued stocks to invest in right now.

Formula 1 and Salesforce, Inc. (CRM) Announce Deepened Partnership

Salesforce, Inc. (NYSE:CRM) and Formula 1 announced on March 3 the launch of a new fan companion agent to scale and personalize engagement for F1’s 827 million global fans. Management stated that the new agent is developed as part of the multi-year partnership extension between  Salesforce, Inc. (NYSE:CRM) and Formula 1, and will initially be available on F1.com, acting as a pivotal tool to provide fans with 24/7 education on the new 2026 regulations. The Agentforce-powered companion will offer clear and accessible responses to queries regarding the updated technical regulations by drawing on trusted F1 sources, and will also monitor trending questions and themes to provide fans with valuable insights.

Management stated that this marks the next phase of F1’s Agentforce 360 deployment across its digital ecosystem, with the organization continuing its transformation into an Agentic Enterprise. In a separate development, Citi lifted the price target on Salesforce, Inc. (NYSE:CRM) to $200 from $197 on March 2, keeping a Neutral rating on the shares and updating the company’s model post the earnings report.

Salesforce, Inc. (NYSE:CRM) designs and develops cloud-based enterprise software for customer relationship management. Its solutions encompass customer service and support, sales force automation, digital commerce, marketing automation, collaboration, community management, industry-specific solutions, and Salesforce platforms. It also offers training, guidance, support, and advisory services.

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