JMP Reaffirms Price Target as Salesforce Expands AI Integration

Salesforce, Inc. (NYSE:CRM) ranks among the best set-it-and-forget-it stocks to buy. On June 27, Citizens JMP reaffirmed its $430 price target and Market Outperform rating on Salesforce, Inc. (NYSE:CRM) in response to CEO Marc Benioff’s recent remarks regarding the company’s embrace of artificial intelligence.

JMP Reaffirms Price Target as Salesforce Expands AI Integration

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In an interview with Emily Chang, Benioff said that “AI is doing 30% to 50% of the work at Salesforce now,” referring to a variety of professional duties like software engineering and customer support. According to Patrick Walravens, an analyst at JMP, the firm’s checks show that Salesforce, Inc. (NYSE:CRM)’s Agentforce and AI technologies in customer service settings have a high return on investment.

In a similar vein, the company recently introduced Agentforce 3, a major update to its digital labor platform that includes a new Command Center for AI agent monitoring and optimization. According to reports, early users have seen significant gains as a result of this change, including shorter customer case handle times and more autonomous chat interaction resolution.

Salesforce, Inc. (NYSE:CRM) is a cloud-based software company focused on customer relationship management. The company offers custom software and solutions for various applications, such as analytics, marketing automation, and sales.

While we acknowledge the potential of CRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.