Salesforce has become more profitable after Starboard Value and other activists invested in the technology stock. But one of those activist investors, Starboard CEO Jeff Smith, now says the company can get more efficient with its spending on sales and marketing.
Generative AI is moving beyond AI chatbots to agentic AI — capable of performing tasks ranging from “checking a car rental reservation at the airport to screening potential sales leads,” reported the Wall Street Journal.
Winning stocks tend to keep winning over the long term if the fundamentals don't change.
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.
Having hit a fresh high back in March, investors in Salesforce Inc CRM would have been forgiven for thinking the uptrend was set to continue. The ever-popular enterprise software platform had rallied 150% to get there.
The latest trading day saw Salesforce.com (CRM) settling at $290.86, representing a +0.87% change from its previous close.
I reiterate my "Buy" rating on Salesforce due to its robust financials, AI integration, and international expansion, despite a recent 14% price increase since my 1st call. Salesforce's Q2 FY2025 results show 8% revenue growth and 15.5% non-GAAP operating income increase, highlighting its ability to exceed expectations amid economic challenges. The company's AI initiatives, like Agentforce and Einstein Copilot, position it as a leader in AI-powered enterprise solutions, promising significant future growth.
Having hit a fresh high back in March, investors in Salesforce Inc NYSE: CRM would have been forgiven for thinking the uptrend was set to continue. The ever-popular enterprise software platform had rallied 150% to get there.
Today's Big 3 focuses on some of tech's biggest names, from web development to entertainment. Jessica Inskip joins Kevin Green and Nicole Petallides to break down the technical trends in Salesforce (CRM), Alphabet (GOOGL) and Spotify (SPOT).
Zahra Bahrololoumi, CEO of UK and Ireland at Salesforce, told CNBC that the tech giant takes all legislation "seriously" — but it wants regulations in Britain to be "proportional and tailored." Salesforce's UK boss noted a difference between companies that develop consumer-facing AI tools and firms making enterprise AI systems which, she said, have to meet higher privacy standards and comply with corporate guidelines.
In the most recent trading session, Salesforce.com (CRM) closed at $290.17, indicating a +0.78% shift from the previous trading day.
Salesforce's stock has gained 15% since July, outperforming the broader U.S. market, driven by consistent revenue growth and improved profitability. The release of Agentforce enhances CRM's offerings, boosting differentiation and pricing power, with a 38% upside potential, reinforcing a "Strong Buy" rating. Recent quarterly earnings surpassed expectations, demonstrating strong operating leverage and a robust balance sheet, positioning CRM well for future investments and acquisitions.