TD Cowen analyst Derrick Wood raised the firm’s price target on Salesforce (CRM) to $340 from $290 and keeps a Hold rating on the shares. The firm previewed its quarterly results and said they are encouraged by the early reception around Agentforce and the potential for a stronger new AI-driven product cycle. But they think expectations have run a bit high and there is going to be some patience needed to see meaningful impacts.
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