Salesforce’s stock saw a boost following the announcement of Agentforce 2.0, a significant advancement in its AI-powered agent technology. This upgraded platform, slated for release in February 2025, will integrate seamlessly with Slack, revolutionizing internal processes and enterprise information gathering. Analyst reactions have been overwhelmingly positive, with several major firms reiterating buy ratings and increasing price targets.
Needham analyst Scott Berg, after virtually attending the Agentforce 2.0 launch, expressed optimism about its expanded capabilities and deal metrics, noting a significant jump in closed deals from 200 to over 1000. He highlighted the platform’s ability to leverage Slack as a central hub, pulling information across various enterprise platforms, and its synergistic relationship with MuleSoft and Data Cloud. Berg projects strong fourth-quarter revenue and adjusted EPS for Salesforce.
BofA Securities analyst Brad Sills shared similar enthusiasm, emphasizing Agentforce 2.0’s integration into various Salesforce applications, including sales, marketing, and Slack, and its enhanced integration with third-party applications. Sills predicts Agentforce could contribute significantly to revenue growth in the coming years and considers Salesforce his top pick.
Goldman Sachs analyst Kash Rangan praised Salesforce’s technical leadership and swift execution in the development of Agentforce 2.0, highlighting the rapid integration of enhanced AI capabilities. Rangan emphasized the platform’s ability to seamlessly connect workflows using a knowledge graph, strengthening Salesforce’s value proposition. He also pointed to the early success of Agentforce deals as evidence of its market fit and long-term growth potential, citing the substantial increase in deals closed.
Truist analyst Terry Tillman, also present at the virtual unveiling, underscored the impressive growth in Agentforce deals, quadrupling initial expectations from 200 to 1000 in a short period. Tillman noted Salesforce’s improved innovation pace and plans for future Agentforce releases, including Agentforce 3.0 in May 2025. He highlighted the company’s compelling balance of growth and profitability and its potential for sustained long-term growth.
Wedbush analyst Daniel Ives focused on the strategic positioning of Salesforce within the burgeoning AI revolution. He described Agentforce’s ability to handle routine tasks, freeing human agents to focus on more complex issues, and projected a substantial market opportunity with the AI monetization phase generating significant growth over the coming 18 months. Ives sees Salesforce as a key beneficiary of the AI revolution with a large potential upside.
The widespread positive analyst sentiment, coupled with the impressive progress and anticipated impact of Agentforce 2.0, has led to a surge in Salesforce’s stock price, making it an attractive investment opportunity for investors looking to capitalize on the growing AI market. Salesforce’s ambitious plans to hire 2,000 AI-focused salespeople further underscores their commitment to leading the charge in the AI revolution. The combination of strong product innovation, positive analyst outlook, and market trends makes Salesforce a compelling stock to watch in the coming months and years.
