We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Salesforce Inc (NYSE:CRM) stands against other AI stocks on Wall Street’s radar.
Salesforce Inc is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. On May 23, Jefferies reiterated the stock as “Buy” with a $375 price target. The firm said Salesforce is attractive heading into earnings on May 28. For the fiscal first quarter, Wall Street anticipates Salesforce to report quarterly earnings of $2.54 per share in its forthcoming release, a year-over-year increase of 4.1%. Meanwhile, revenues are expected to amount to $9.74 billion, an increase of 6.6% compared to the year-ago quarter.
A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.
“Considering the cautiously optimistic tone from partners and software peers, we expect FY26 guidance to be maintained, but do not expect upside on rev to be flowed through to the FY guide. We believe a cautious approach is appropriate given the current macro.”
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This article is originally published at Insider Monkey.
