1 Wall Street Analyst Sees Salesforce Stock Going to $400. Is It a Buy?

Core Insights - Salesforce has been a leader in cloud software since its founding in 1999, particularly in customer relationship management (CRM) [1] - The company is currently experiencing a slowdown in revenue growth due to the maturation of the software sector and the aftermath of the COVID-19 pandemic [2] - Salesforce has introduced Agentforce, an agentic AI tool, which is expected to drive the next stage of growth [2][4] Company Analysis - TD Cowen upgraded Salesforce from a hold to a buy and raised the price target from $380 to$400, citing a recent stock pullback as a buying opportunity [3] - There is significant interest in Agentforce among Salesforce's customer base, indicating potential for further growth [3] - Despite the fourth quarter guidance forecasting only 7%-9% revenue growth, management remains optimistic about Agentforce's potential impact on global labor and industry operations [4] Investment Outlook - With its strong position in CRM, reasonable valuation, and the potential breakthrough represented by Agentforce, Salesforce is viewed as a smart investment opportunity [5]