Salesforce, Inc. (NYSE:CRM) ranks among the hot stocks to invest in right now. With a price target of $305, BNP Paribas Exane reaffirmed its Outperform rating on Salesforce, Inc. (NYSE:CRM) on September 4. According to the firm, Salesforce doubled the number of paying Agentforce customers from the previous quarter, adding 2,000 more per quarter, from 4,000 to 6,000.
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The firm pointed out Salesforce’s low valuation and weak year-to-date performance, arguing that the reiteration of fiscal year forecasts and proof of advancements in data and artificial intelligence should have been enough to raise the share price.
Salesforce’s $20 billion buyback program increase was also cited by BNP Paribas as evidence that “investment discipline is here to stay.”
Salesforce, Inc. 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.
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This article is originally published at Insider Monkey.
