When the closing bell rang on Dec. 31, professional and everyday investors had reason to cheer. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite respectively ended the year higher by 13%, 23%, and 29%, with all three indexes reaching multiple record-closing highs throughout 2024.
The latest trading day saw Salesforce.com (CRM) settling at $330.66, representing a -1.1% change from its previous close.
Artificial intelligence (AI) developments have accelerated in the last few years.
Recently, Zacks.com users have been paying close attention to Salesforce.com (CRM). This makes it worthwhile to examine what the stock has in store.
Technology stocks have helped power the current bull market, which is now a little over two years old. With the average bull market lasting approximately five and a half years, this group should have some solid room to keep running.
In a recent interview with Yahoo Finance, Salesforce CEO Marc Benioff touted the company's AI agents. But investors may not want to get too excited about them just yet.
Despite mixed Q3 results, CRM's stock surged due to the launch of Agentforce, which signed 200 deals in its first week. Agentforce 2.0, with advanced features and integrations, positions CRM to capitalize on the booming Enterprise AI market, projected to grow significantly. Valuation suggests a 22.5% upside, with a price target of $421, driven by Agentforce's traction and CRM's strategic acquisitions enhancing data quality and security.
Investors should think of artificial intelligence (AI) in three phases. The first phase involves high-performance semiconductors and networking gear required to build supercomputing infrastructure.
ClearBridge Senior Research Analyst Hilary Frisch joins Caroline Hyde to discuss tech market trends, how companies like Palantir are benefitting from generative AI, and her outlook for agentic AI in 2025 with Salesforce leading the way. She speaks on "Bloomberg Technology.
Salesforce.com (CRM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
As celebrated as some of the more famous tech stocks are, they're almost never renowned for paying dividends. After all, their industry is also famous for being full of companies energetically investing much of their capital into the latest whiz-bang product or social media site.