Why TD Cowen Still Sees Upside in Salesforce (CRM) on AgentForce Growth

Core Viewpoint - Salesforce, Inc. (NYSE:CRM) is gaining attention as a prominent AI stock, with TD Cowen maintaining a Buy rating and a price target of $305.00, driven by optimism surrounding the AgentForce product line [1] Group 1: Financial Performance - Salesforce reported third-quarter revenue that met expectations, while growth in current remaining performance obligations (cRPO) surpassed forecasts [1] - Fourth-quarter organic revenue and cRPO guidance are in line with market expectations, indicating a positive outlook for future performance [2] Group 2: Product and Market Dynamics - The company is experiencing strong momentum in its AgentForce product, with increased adoption reflected in accelerated new paid customer additions and higher credits utilization from existing customers [3] - Notable growth in AI annual recurring revenue (ARR) and an increase in net new paid AgentForce deals further support a bullish outlook for the company [4] Group 3: Investment Sentiment - TD Cowen's positive assessment is reinforced by a solid valuation and the overall growth potential of Salesforce's offerings in the AI space [4]