What Analysts Think of Salesforce Stock Ahead of Earnings [Video]

Salesforce (CRM) is expected to report fourth-quarter results after the market closes Wednesday, with analysts largely bullish on the cloud-based software company’s stock, anticipating AI-driven gains.

Of the 25 analysts covering the stock tracked by Visible Alpha, 20 have issued “buy” or equivalent ratings for Salesforce, with the remaining five analysts giving the stock a “hold” rating. Their consensus price target of roughly $401 would suggest nearly 30% upside from Friday’s closing price.

Deutsche Bank analysts recently maintained a “buy” rating and $400 price target, pointing to early momentum in Agentforce, the company’s suite of autonomous AI agents unveiled in September. The analysts said an “AI halo effect” is driving investments to the Salesforce platform, “even if current Agentforce spend is just gaining steam.” 

The customer relationship management software giant is expected to post revenue of $10.05 billion, up 8% year-over-year, and adjusted earnings per share of $2.62, up from $2.29 …