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Salesforce (CRM)

Abacus Research
Oct 31, 2024
1 min read

Salesforce is another potential convert to ‘AI beneficiary’, plus there are reasons to be positive on continued margin expansion.

The business has the potential to see both better revenue growth as well as expanding operating margins with a share price that is discounting neither.
If CRM can apply AgentForce to its own sales process, and there is a high ROI, then street ests look conservative to us.

Potential Upside: $375 (+25%)

Sensible Downside: $270 (-10%)

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