Stocks
Citizens Sticks to Market Outperform on Salesforce Amid AI Growth
Citizens has reaffirmed its Market Outperform rating on Salesforce stock and maintained a price target of $315.00, citing growth in the company's AI platform.
The firm notes that several product areas continue to be a drag on Salesforce's business, including Commerce, Marketing, Analytics (Tableau), and Integration (MuleSoft).
Citizens believes that Salesforce offers a broad platform for the agentic enterprise, with AIforce for the interface, Agentforce as the digital workforce, Customer360 and Data 360.
The firm estimates that Salesforce addresses an agentic opportunity of $628 billion in fiscal year 2030, with estimated incremental AI spend growing from approximately $300 billion in 2025 to $1.4 trillion in 2030.