Salesforce banking on Agentforce as ‘centerpiece’ of growth, says Loop Capital

Loop Capital keeps a Hold rating and $270 price target on Salesforce after attending the company’s annual user group conference, Dreamforce, event. The company is clearly banking on its newly introduced Agentforce to be the centerpiece of its product-driven growth strategy, as its “impressive marketing machine” was in full force at the event, touting not only the power of Agentforce but also the ease of deploying AI agents on the platform, the analyst tells investors in a research note. The firm adds however that it remains at neutral on the stock pending more concrete signs of accelerating business trends driven by the company’s GenAI products.