Mizuho Reiterates Outperform Rating on salesforce.com (CRM)

Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $265.00 price target on salesforce.com (NYSE: CRM).

The analyst commented: "Earlier today, we virtually attended CRM's Slackbot event, which highlighted the company's AI-powered personal agent for work that has been GA to Business+ and Enterprise+ Slack customers for 2+ months. Impressively, CRM cited 125K+ hours saved for its SMB sales org using the Slack pipeline management agent alone. The event also highlighted several new features including skills, deep research, memory, note-taking, and desktop mode. More broadly, we believe CRM remains well-situated to help its vast customer base manage revenue and process optimization. CRM's core position as the system of record for front-office sales, marketing and customer support provides a foundation to further centralize data via Data 360. And Slackbot, as the conversational front-end to Agentforce, has potential to meaningfully expand how employees interact with CRM data and AI agents across the organization."

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.

Shares of salesforce.com closed at $186.67 yesterday.

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