Latest news with #DataCloud
Yahoo
a day ago
- Business
- Yahoo
Morgan Stanley Lifts Salesforce, Inc. (CRM)'s Price Target to $404, Maintains Overweight Rating
On Thursday, Morgan Stanley lifted Salesforce, Inc. (NYSE:CRM)'s stock price target from $393 to $404, while maintaining an Overweight rating for its shares. The firm's revision followed the company's Q1 FY26 earnings call, in which it announced beating profit expectations and raised guidance for the full year. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. The analysts described Salesforce, Inc. (NYSE:CRM)'s cRPO growth of 11% during the first quarter as an encouraging sign, given the current spending environment. This, coupled with raising fiscal 2026 guidance by $400 million, reflected the company's resilience and growth potential, they said. Morgan Stanley also noted the growing momentum behind Data Cloud and Agentforce as further evidence of Salesforce, Inc. (NYSE:CRM)'s strong position in the AI sector. Considering these factors, the firm raised its prior price target for the stock by 3%, suggesting the earlier estimates were conservative. The firm reiterated its Overweight rating for Salesforce, Inc. (NYSE:CRM), indicating its confidence in the company's current trajectory and future performance. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Salesforce flags rising AI revenue, more Agentforce deals
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Salesforce executives touted customer and revenue wins during a Wednesday earnings call. The company saw revenue increase 8% year over year, to $9.8 billion, according to the announcement. Data cloud and AI annual recurring revenue surpassed the $1 billion mark during the quarter, up 120% year over year. The company reported 4,000 paid Agentforce users, up from 3,000 during the prior quarter. 'We are now very well positioned to take advantage of this multitrillion-dollar opportunity in AI, enterprise software and digital labor,' said Salesforce CEO Marc Benioff, pointing to the company's increased revenue guidance for the 2026 fiscal year to $41.3 billion, up more than $400 million from the previous forecast. Salesforce is betting on agentic AI adoption to further extend its enterprise presence. The Agentforce platform, introduced last year, lets customers access a library of pre-built agents and create their own customized offerings. 'We're learning a lot about how to make agents successful, productive, how to scale, how to tune our own organization, and really get our customers all ready for this AI transformation in the enterprise led by agents,' Benioff said Wednesday. Earlier this week, Salesforce announced it will acquire cloud data management company Informatica for $8 billion, with plans to bolster its cloud-based data and AI capabilities. The deal will let Salesforce integrate Informatica's governance and data management services across several products, including Data Cloud. 'This is a moment where Informatica is more important to our customers than ever before,' Benioff said, in reference to enterprises' need to enhance their own data capabilities in order to deploy AI. Data governance woes represent a top challenge for enterprise agentic AI ambitions. Data privacy and security features were among the key changes IT executives leaders wanted to see from available agentic AI offerings, according to an April report published by Cloudera. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Morgan Stanley Lifts Salesforce, Inc. (CRM)'s Price Target to $404, Maintains Overweight Rating
On Thursday, Morgan Stanley lifted Salesforce, Inc. (NYSE:CRM)'s stock price target from $393 to $404, while maintaining an Overweight rating for its shares. The firm's revision followed the company's Q1 FY26 earnings call, in which it announced beating profit expectations and raised guidance for the full year. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. The analysts described Salesforce, Inc. (NYSE:CRM)'s cRPO growth of 11% during the first quarter as an encouraging sign, given the current spending environment. This, coupled with raising fiscal 2026 guidance by $400 million, reflected the company's resilience and growth potential, they said. Morgan Stanley also noted the growing momentum behind Data Cloud and Agentforce as further evidence of Salesforce, Inc. (NYSE:CRM)'s strong position in the AI sector. Considering these factors, the firm raised its prior price target for the stock by 3%, suggesting the earlier estimates were conservative. The firm reiterated its Overweight rating for Salesforce, Inc. (NYSE:CRM), indicating its confidence in the company's current trajectory and future performance. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
Stifel Nicolaus Maintains Buy Rating on Salesforce (CRM)
On May 29, analyst J. Parker Lane of Stifel Nicolaus maintained a Buy rating on Salesforce, Inc. (NYSE:CRM) and kept a price target of $375.00. The rating update followed the company's fiscal Q1 2026 earnings report on May 28 and reflects the analyst's confidence in CRM's strategic positioning in the AI space and its considerable growth potential, driven by innovative solutions such as MuleSoft, Agentforce, Data Cloud, and Tableau. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. The analyst stated that management has also expressed confidence in the company's innovative technological capabilities, expecting them to bolster Salesforce, Inc.'s (NYSE:CRM) market presence and support revenue growth. The company's fiscal Q1 2026 results showed an 8% year-over-year growth in revenue which amounted to $9.8 billion. Its subscription and support revenue also increased by 8% year-over-year, reaching $9.3 billion. The analyst further commented that Salesforce, Inc.'s (NYSE:CRM) focus on adjusting compensation structures and expanding its go-to-market capabilities demonstrates a commitment to expediting growth while ensuring margin expansion. Although Salesforce, Inc.'s (NYSE:CRM) is in the early stages of monetizing its AI capabilities, the analyst expressed confidence in its potential to land multi-product deals. In addition, he stated that the company's traction in the mid-market segments and SMB points towards a promising outlook, supporting the Buy rating. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Morgan Stanley Maintains Overweight on Salesforce (CRM), Sees Long-Term Value in Informatica Deal
We recently published a list of . In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other AI stocks on latest news and ratings. On May 28, Morgan Stanley analyst Keith Weiss reiterated an 'Overweight' rating on Salesforce, Inc. (NYSE:CRM) with a $393.00 price target. Salesforce is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. According to the firm, the company's recent acquisition of Informatica may not have been what the market expected, but its terms are seen as favorable. It announced the agreement to acquire Informatica for an estimated $8 billion in equity value. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. The firm discussed concerns about Informatica's legacy, particularly on-premise data assets, which may not match with investor expectations for Salesforce's growth vision. In other words, there are fears that Informatica might not be a good strategic fit, but the firm believes that the terms of the deal are advantageous. Moreover, Informatica's strengths in handling, organizing, and securing data may help boost Salesforce's Data Cloud and allow its AI tool, Agentforce, to work better. It also believes that the move will help Salesforce improve its operating margins, earnings per share (EPS), and FCF in FY28 (CY27) driven by substantial cost synergies. Overall, CRM ranks 3rd on our list of AI stocks on latest news and ratings. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
