联系人： 云梦泽 021-60933155 yunmengze@guosen.com.cn 优于大市 赛富时(SALESFORCE)（CRM.N） 自研+并购扩张 AI 版图，Agentforce 打开增长空间 公司研究·公司快评 计算机·IT 服务Ⅱ 投资评级：优于大市（首次） 证券分析师： 库宏垚 021-60875168 kuhongyao@guosen.com.cn 执证编码：S0980520010001 事项： 事件：当地时间 12 月 3 日，赛富时（CRM.N）发布 2025 财年三季度业绩，首次实现 20%运营利润率，并上 调全年业绩指引。近期全球股票市场围绕 AI 的投资焦点由硬件转向软件，AI 软件公司面临价值重塑。 请务必阅读正文之后的免责声明及其项下所有内容 证券研究报告 | 2024年12月25日 国信计算机观点：1）三季度费用率改善，营业利润率创新高：公司实现营业收入 94.4 亿美元，同比+8%。 公司首次实现 GAAP 运营利润率为 20%，同比+2.8 个 pct。2）AI 产品稳步推进，RPO（剩余履约义务）持 续扩张：a）公司于 10 月推出了名为 Agentforce ...

Stock Performance - The stock price of Salesforce Inc (NYSE: CRM) fell on Wednesday in-line with the broader market [4] Market Impact - The second quarter sales forecast for Micron Technology Inc (MU) caused a sharp dive in investor sentiment [4]

Associate Professor in Finance and Corporate Governance at Brunel University London. I am also a CFA charterholder. In addition, I hold a PhD in Finance from University of Durham, U.K. I have six years of investing experience in the Indian and US equities with a medium to long-term horizon. I also actively research on Behavioural Finance, Corporate Governance, Activist Hedge Funds, Cryptocurrencies and M&A and have published in top-ranked peer-reviewed journals. I also currently produce and host a weekly in ...

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. Nvidia has dominated the first phase, but chipmakers like Broadcom and networking specialists like Arista Networks have also benefited.The second phase involves cloud providers that offer infrastructure and platform services needed to build conversational copilots, autonomous agents, and other AI applications. Pu ...

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.Yet there are some tech stocks that have become wealthy and secure enough to start returning capital to shareholders. Three companies that initiated dividends in 2024 are among the cream of the crop in the sector -- Alphabet (GOOGL ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Salesforce's Agentforce 2.0 and Analyst Ratings - Salesforce announced the release of Agentforce 2 0, a second-generation technology integrated with Slack, set to launch in February 2025 [1] - The company plans to hire 2 000 AI-focused salespeople to support its growth [1] - Analysts from Needham, BofA Securities, Goldman Sachs, Truist, and Wedbush maintained Buy or Outperform ratings on Salesforce with price targets ranging from $375 to $440 [1][2][8][11][15] Agentforce 2 0 Features and Market Impact - Agentforce 2 0 enhances internal processes and enterprise information gathering by leveraging Slack as a central hub, expanding beyond the Sales and Service focus of version 1 0 [4] - The platform integrates with Mulesoft and Data Cloud, with enhancements to the Atlas Reasoning Engine enabling more complex use cases [5] - The Total Addressable Market (TAM) for AI spending is estimated to expand by over $740 billion, with Agentforce expected to drive incremental revenue growth, particularly by fiscal 2027 [5] Analyst Insights on Agentforce 2 0 - Needham's Scott Berg highlighted over 1 000 Agentforce deals closed, compared to 200+ in Q3 2025, indicating strong market traction [3][11] - BofA Securities' Brad Sills noted Agentforce's integration into sales, marketing, and Slack, with potential incremental revenue growth of 1%-2% in fiscal 2026 and 2027 [6][7] - Goldman Sachs' Kash Rangan emphasized Salesforce's technical leadership, with over 1 000 deals closed and thousands more in the pipeline, signaling strong product-market fit [8][9] Financial Projections and Market Opportunities - Needham projected Q4 revenue of $10 04 billion and adjusted EPS of $2 60 [5] - Wedbush's Daniel Ives projected Q4 revenue of $10 01 billion and adjusted EPS of $2 60, with Salesforce positioned to capture a $7 trillion digital labor market opportunity [15][14] - Salesforce's AI-driven growth could add ~$80 per share to its valuation over the next 12 to 18 months [15] Stock Performance - Salesforce stock traded higher by 0 23% to $351 77 at the last check on Wednesday [16]

In Brief Cloud software giant Salesforce looks to hire thousands of new sales people to sell its AI tools to customers.The company plans to hire 2,000 new sales representatives, according to CNBC, which cited remarks from CEO Marc Benioff at a company event Tuesday. This doubles the hiring plans that Benioff told Bloomberg last month. Benioff that Salesforce has already received 9,000 referrals for these 2,000 positions. This bulking up comes just months before the company plans to release the second gener ...

Shares of Salesforce Inc NYSE: CRM have been a standout performer this year, as they continue to add gains to the 180% rally that kicked off in late 2022. Two years in, this tech giant is looking stronger than ever. Up 70% since May alone and already setting record highs this month, Salesforce has cemented itself as one of the market’s top growth names.  Salesforce TodayCRMSalesforce$351.01 -6.22 (-1.74%) 52-Week Range$212.00▼$369.00Dividend Yield0.46%P/E Ratio57.73Price Target$377.24Add to WatchlistSalesf ...

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