Salesforce Stock Could Set New Highs On ‘Amazing' AI Demand

Salesforce Stock Performance - Salesforce stock peaked in November 2021, bottomed out in December 2022, and reached a new high in March 2024 [2] - The stock rose 34% to hit a record high on November 8, 2023 [2] - Salesforce stock could keep hitting new records due to strong client demand for Agentforce [3] Agentforce and AI Market - Agentforce, an AI agent, is driving excitement and enjoying "amazing momentum" [2] - The global Agentic AI market is expected to reach $31 billion in revenue by the end of 2024 and grow at a 32$2 per agent conversation [9] - Salesforce CEO Marc Benioff criticized Microsoft's Copilot as "disappointing" [10] Client Success Stories - BACA Systems uses Agentforce to handle a growing volume of service calls without adding additional human staff [13] - Wiley achieved a more than 40% autonomous resolution rate for customer inquiries during its busy back-to-school season [14] - Bullhorn sees Agentforce as a way to boost revenue and profits for its clients, particularly in the $24 billion market for complex billing in recruiting firms [15] Future Potential - Salesforce CEO Marc Benioff predicts more than a billion agents running from Salesforce within the next 12 months [8] - If investors underestimate the revenue potential of Agentforce, Salesforce stock could keep hitting new records [20]