TD Cowen analyst Derrick Wood keeps a Buy rating on Salesforce (CRM) with a $400 price target ahead of the company’s Q4 report on February 26. TD is “constructive” on Salesforce’s artificial intelligence positioning with Agentforce, following “several positive” channel checks and survey results. However, the firm continues to think Agentforce will take time to impact numbers. Channel checks also point to solid growth execution in the company’s core business, the analyst tells investors in a research note. TD expects a “consistent” remaining performance obligation beat cadence and views Data Cloud and MULE as key to strengthening Salesforce’s growth levers for fiscal 2026.
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