Salesforce Scores $430 Price Target Amid AI Growth Hopes

Analysts have initiated coverage of Salesforce (CRM) with a Buy rating and a price target of $430, citing AI as a growth driver rather than a threat. The key growth factors include the monetization of Agentforce, Data 360, and Informatica adoption, alongside acceleration in Salesforce's larger application business.

Despite recent price recovery, Salesforce's valuation remains attractive, trading below the sector median. However, the main risk is slower-than-expected growth in new AI-driven products failing to offset pressure on traditional software revenue models.