JPMorgan analyst Mark Murphy keeps an Overweight rating on Salesforce with a $230 price target after attending the company’s AI Day. JPMorgan’s recent Salesforce partner survey indicated that 80% of the company’s partners expected generative artificial intelligence to be favorable to Salesforce’s opportunity set and growth potential. Yesterday’s announcements validate that vision, with Salesforce “articulating a nuanced vision and investing ahead of the curve in this category, particularly as it relates to data security for the enterprise,” the analyst tells investors in a research note. The firm believes the company is “uniquely positioned” to capitalize on a growing opportunity as it relates to AI.
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