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Bank of America Upgrades Salesforce to Buy on AI Growth Potential
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CNBC TV18•13-10-2026, 06:41
Bank of America Upgrades Salesforce to Buy on AI Growth Potential
- •Bank of America double upgraded Salesforce from underperform to buy and raised its price target to $285.
- •Analyst Tal Liani stated that artificial intelligence integration will deepen enterprise dependence on core platforms like Salesforce.
- •Despite a 14% pullback in shares due to AI adoption fears, Salesforce is embracing an enterprise AI strategy to attract more customers.
- •Salesforce has launched new AI initiatives and autonomous AI-powered agents called Agentforce to drive future growth.
- •While near-term risks include slow AI revenue adoption, improving momentum in Slack and strong order value support faster growth ahead.
Key Questions Answered
Bank of America double upgraded Salesforce stock from underperform to buy and raised its price target to $285 from $160.
Salesforce shares pulled back largely because investors feared that widening artificial intelligence adoption would diminish demand for software tools.
Salesforce launched an initiative to develop, test, and validate AI technology for enterprise offerings and previously unveiled an army of autonomous AI-powered agents called Agentforce.
