11:07 AM EDT, 08/29/2024 (MT Newswires) -- Salesforce ( CRM ) has a "massive" opportunity in artificial intelligence ahead as the company looks to drive growth by deploying the technology broadly across products and services, Wedbush Securities said in a note Thursday, a day after the company released its results for Q2.

"While still battling through various headwinds in a choppy backdrop, this was a much-needed bounce back quarter with [Salesforce ( CRM )] making major strides in the field around monetizing AI across its massive install base while generating solid bottom-line expansion," Wedbush said.

The firm said Salesforce ( CRM ) posted Q2 results that beat market expectations and provided "solid" guidance for Q3.

"The company maintains a disciplined investment strategy into its growth verticals... and core businesses to expand its bottom-line and cash flow generation," the firm said.

Wedbush maintained the company's outperform rating and $315 price target.

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