Citizens Sees Upside in Salesforce as Agentic Momentum Builds
Citizens Financial has reaffirmed its Market Outperform rating for Salesforce.com and set a price target of $315.00, citing the company's strong growth prospects in AI platform development.
The firm highlighted several areas where Salesforce is gaining momentum, including its AIforce interface, Agentforce digital workforce, Customer360, and Data 360 platforms.
Salesforce's agentic opportunity is estimated to reach $628 billion by fiscal year 2030, with an incremental AI spend of $1.1 trillion from approximately $300 billion in 2025 to $1.4 trillion in 2030.
The company's financial performance has been impressive, with a gross profit margin of 77.28% and revenue growth of 11.23%. Additionally, 34 analysts have revised their earnings upwards for the upcoming period.