• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Salesforce: TD Cowen upgrades to ‘Buy’, raises PT on AI growth prospects

by January 17, 2025
written by January 17, 2025

Investing.com– TD Cowen analysts have upgraded Salesforce Inc’s (NYSE:CRM) rating and raised their price target, citing optimism over the company’s role in the expanding “Agentic AI” cycle.

Analysts highlighted compelling growth opportunities tied to Salesforce’s Agentforce platform and improvements in its financial outlook.

The brokerage upgraded the rating to “Buy” from “Hold,” raising PT to $400 from $380.

“We think CRM is an attractive asset to own to get exposure to Agentic AI, at a reasonable valuation,” TD Cowen analysts wrote.

According to the TD Cowen research note, Salesforce shares, which saw strong momentum late in 2024, have since pulled back, presenting an attractive entry point for investors.

The firm’s IT spending survey for 2025 was highly favorable for Salesforce, showcasing its strong positioning, analysts said in a note.

Analysts expect robust adoption of the Agentforce platform, with key feedback from partners citing its ease of use, strong value proposition, and market readiness.

A large global systems integrator (GSI) anticipates 40% customer adoption by late 2025. Additionally, the halo effect of Agentforce is bolstering interest in other Salesforce products like Data Cloud, Mulesoft, and Einstein Copilot, TD Cowen stated.

TD Cowen also anticipates that fading 2024 headwinds and new tailwinds—such as SKU upgrades and renewed AI momentum—will drive stronger financials.

Analysts project Salesforce achieving 10% revenue growth and a 35% free cash flow (FCF) margin by 2026, aligning the company with a “Rule of 45” metric and possibly aspiring to hit 50.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Taiwan stocks higher at close of trade; Taiwan Weighted up 2.27%
next post
Japan stocks lower at close of trade; Nikkei 225 down 0.41%

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Russia’s Putin questions the need for dollar forex reserves, touts bitcoin
    • US consumer moods brighten, among Republicans in particular

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy