Investors want to see Salesforce's Agentforce artificial intelligence tool for customer service pick up traction.
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There was a moment, during the pandemic-fueled growth days of 2020, when Salesforce
surpassed Oracle
by market cap. Marc Benioff had finally toppled his protege, Larry Ellison.
That moment is long gone.
Salesforce's revenue forecast for the current quarter came in below expectations.
The more bullish forecasts see shares of Salesforce surging as much as 70% from here.
Analysts remained mixed across the board in their long-term stances toward Salesforce.
Despite the risks, many analysts at major banks remain bullish on Salesforce.
Salesforce posted accelerating growth and pushed up its long-range revenue target thanks to a recent acquisition.
Salesforce said its Agentforce artificial intelligence business is generating over $500 million in annualized revenue.
Salesforce CEO confirms 4,000 layoffs ‘because I need less heads' with AI
