Salesforce, Inc. (CRM) is set to release its Q3 earnings on December 3rd, with analysts predicting strong growth. While the stock saw a slight dip recently, positive analyst ratings and a new AI tool suggest a promising outlook. This article dives into the earnings expectations, recent analyst upgrades, and Salesforce’s latest AI innovation.
Swiss-Belhotel International, a leading global hospitality brand, has partnered with BookingWhizz to implement advanced CRM and loyalty solutions across its portfolio of 135 hotels and resorts. This collaboration aims to enhance guest engagement, personalize services, and drive direct bookings, solidifying Swiss-Belhotel’s position as a leader in guest-centric hospitality.
Salesforce has launched Agentforce, a new AI-powered feature enabling businesses to develop autonomous agents for various tasks like customer support, marketing, and more. The platform boasts customizable, low-code agents, integration with Salesforce’s ecosystem, and scalability, driving CRM shares higher. This innovative technology is poised to revolutionize how businesses operate.
Salesforce CEO Marc Benioff has launched a scathing attack on Microsoft’s AI tools, calling them overhyped and unreliable. Benioff’s criticism comes amid a heated rivalry between the two tech giants in the CRM market, where both are aggressively pushing AI-powered solutions.
Central Holidays has launched a groundbreaking technology platform designed to simplify and enhance travel bookings for advisors, boosting their efficiency and customer relationship management. The new platform streamlines tour bookings, offers a dedicated CRM tool, and empowers advisors with AI-driven insights to better serve their clients.
Salesforce stock has been on a tear lately, fueled by bullish analyst ratings and the company’s strong AI strategy. With the stock nearing its all-time high and analysts predicting further gains, is now the right time to invest in Salesforce?
Despite a challenging first half of 2024, Salesforce is poised for growth driven by increased software spending and a shift towards shorter-term projects. The company’s focus on generative AI and its Data Cloud are key factors driving optimism.
Piper Sandler analyst Brent Bracelin upgraded Salesforce to Overweight, citing potential for doubled free cash flow and attractive valuation. He sees new pricing and AI-powered features driving growth in the coming years.
Merit Medical Systems, Inc. (MMSI) announced the acquisition of Cook Medical’s lead management portfolio for $210 million. The deal, expected to close in the fourth quarter of 2024, will strengthen Merit’s presence in the cardiac intervention market and expand its offerings in the electrophysiology and CRM business.
Salesforce’s stock price is capped by slowing growth and macroeconomic concerns, despite strong Q2 results. While the company delivered improved guidance and record margins, the market may provide a lower entry point for investors before year-end. The long-term outlook remains robust due to the continued shift to digitalization and customer engagement, but near-term headwinds exist.
