Cohere on Thursday announced that it had raised an oversubscribed $500 million round, bringing its valuation to $6.8 billion. This is up from the $5.5 billion valuation it landed a little over a year ago when it raised its previous round, also $500 million.
CRM's Data Cloud, storing 22T data points and growing ARR by 120% in Q1, is becoming central to its AI-driven growth push.
Salesforce's ADAM framework, which includes Agents, Data, Apps, and Metadata, aims to power safe, scalable AI agents and fuel the company's next growth phase.
Salesforce.com (CRM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Salesforce's stock has dropped 36% from its high due to slowing revenue growth, but the company remains a dominant, highly profitable CRM leader. The business model's stickiness, high switching costs, and strong pricing power ensure long-term customer retention and predictable subscription revenue. Profitability is rising thanks to AI-driven cost optimization, stable SG&A expenses, and share buybacks, despite slower top-line growth.
In the closing of the recent trading day, Salesforce.com (CRM) stood at $232.68, denoting a -3.26% move from the preceding trading day.
CRM shares decline 28% YTD as slowing sales growth and cautious enterprise spending weigh on its outlook.
Google says some customer information was stolen in a recent data breach. Writing on its blog Tuesday evening (Aug. 5), the tech giant's Threat Intelligence Group said one of its Salesforce database systems, used to house contact information and related notes for small and medium-sized businesses, was breached by a hacking group known as ShinyHunters.
Google has confirmed that some customers' information has been stolen in a recent breach of one of its databases.
Salesforce.com (CRM) concluded the recent trading session at $247.49, signifying a -1.91% move from its prior day's close.
I am upgrading Salesforce to a 'buy' with a $328 price target, seeing a 31% upside potential after a 30% multiple compression YTD, despite no change in earnings estimates. Agentforce's new consumption-based pricing and recent updates with Agentforce 3 could drive accelerated adoption and revenue growth, which the market is underestimating. The pending Informatica acquisition will strengthen Salesforce's data platform, creating a flywheel for Agentforce and AI-driven growth.
Salesforce still trades at a significant valuation discount over its long-term average. SaaS rivals like Palantir have spurred significant gains, while CRM struggles for traction. Management recognizes the urgency to embed Agentic AI and accelerate AI ARR growth, but execution remains the key to regaining investor confidence and valuation re-rating.