Evercore ISI Keeps Faith in Salesforce Amid AI-Driven Shift
Evercore ISI has reaffirmed its 'Outperform' rating for Salesforce.com (CRM) after attending the Dreamforce conference in San Francisco.
The firm noted that Salesforce is positioning itself as a trusted context and execution layer, with its AIforce platform allowing customers to access Salesforce context and actions through various interfaces.
According to Evercore ISI, this strategic shift has caught the attention of investors and analysts, who are revising their earnings upwards for the upcoming period.
Trading at $255.65 with a market cap of $210.4 billion, the stock sits near its 52-week high and appears undervalued according to InvestingPro's Fair Value analysis.
The company's PEG ratio of 0.39 suggests attractive valuation relative to growth prospects.