TD Cowen Reaffirms Buy Rating on Salesforce (CRM) as AI Momentum and Agentforce Drive Growth

Salesforce Inc. (NYSE:CRM) ranks among the best set-it-and-forget-it stocks to buy right now. On June 12, TD Cowen reaffirmed its $240 price objective and Buy rating on Salesforce Inc. (NYSE:CRM). The update came after the firm hosted an investor dinner with new IR Senior Director Lauren O’Brien and the Vice President of Investor Relations, Valmik Desai.

The discussion focused on shaping AI momentum in the first quarter and its effects for second-half growth acceleration, Agentforce’s market edge, and new implementation of FDEs, the transition to a headless framework, and Slack’s strategic significance.

Moreover, on that same day, CVS Health and Salesforce Inc. (NYSE:CRM) announced an extension of their collaboration to implement AI technology throughout call centers that cater to clinicians and members of CVS Health’s Aetna and CVS Caremark brands.

CVS Health will leverage Salesforce’s Agentforce Health platform to give real-time data to call center workers. The technology aims to enable call centers to resolve customer concerns in a single interaction when possible.

Salesforce Inc. (NYSE:CRM) is a global enterprise software company that provides customer relationship management (CRM) and cloud-based business applications across sales, service, marketing, commerce, and data analytics. Its Customer 360 platform, powered by data tools and trusted AI, enables organizations to unify customer data and drive personalized engagement.

While we acknowledge the risk and potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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