11:34 AM EST, 02/06/2025 (MT Newswires) -- Salesforce's ( CRM ) Agentforce artificial intelligence platform is a "good" catalyst for the company this year even though initial deployments are small, Oppenheimer said in a Thursday note where the firm discussed its conversation with a Salesforce ( CRM ) global system integrator.
"The generative AI messaging and Agentforce cycles resonate with customers with greater investor appreciation for Salesforce's ( CRM ) AI positioning following," Oppenheimer said.
The firm said that some of the other catalysts for the company this year are topline reacceleration and continued margin growth.
"While recognizing that sub-10% top-line growth and negative [foreign exchange] fluctuations are headwinds to higher estimates and multiples, we like the risk/reward profile," the firm said.
Oppenheimer maintained the company's outperform rating and $415 price target.
Salesforce ( CRM ) shares were down 4.4% in recent trading.
Price: 332.69, Change: -15.24, Percent Change: -4.38