Salesforce's AI Showdown: Dreamforce to Reveal Claudeforce Progress
Salesforce is preparing to showcase its artificial intelligence (AI) capabilities at Dreamforce, an annual event that has Wall Street watching closely. The company has been emphasizing its AI business in recent weeks, particularly with the acquisition of Fin, a workflow analytics startup.
The acquisition aligns with Salesforce's goal of increased automation and is expected to enhance its customer management platform. However, investors are not waiting for another acquisition before evaluating the company's progress.
RBC Capital analyst Rishi Jaluria has maintained a hold rating on Salesforce, setting a price target of $250. The upcoming Dreamforce event will focus on Claudeforce, an AI model layer built with Anthropic, and investors are eager to know about pricing, features, and customer adoption.
Salesforce's Agentforce is already generating $1.5 billion in annual recurring income, while its Data 360 value climbs to $3.9 billion. These figures highlight the company's growing reliance on AI and create expectations for future growth.