11:46 AM EST, 12/18/2024 (MT Newswires) -- Salesforce ( CRM ) is well-placed to benefit from the growing market for artificial intelligence technologies as it executes its revenue-generation strategy for its Agentforce AI platform, Wedbush said in a note Wednesday.

The company has launched the newest version of its digital labor platform for enterprises, Agentforce 2.0, which enables businesses to build their own autonomous AI agents.

Salesforce ( CRM ) is looking at hiring 2,000 people to sell its AI products, double the number indicated a month ago as it seeks to boost revenue, according to Wedbush.

"With the AI Revolution entering the software phase heading into 2025, CRM is well-positioned to capture its fair share of market expansion as the AI monetization phase will catalyze CRM's growth over the next 12 to 18 months," the firm said.

Wedbush is maintaining an outperform rating on the stock and $425 price target.

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