Reported 2 days ago
Goldman Sachs analyst Kash Rangan reaffirmed a Buy rating for Salesforce (CRM), despite shares facing pressure due to below-consensus Q3 revenue guidance. The firm believes AI could serve as a multi-year growth catalyst for Salesforce, as evidenced by strong growth in their Data Cloud and significant revenue from AI initiatives. However, they cautioned about inconsistent growth indicators, yet remain optimistic about the company's future potential in achieving operational efficiency and sustained revenue growth.
Source: YAHOO