Salesforce shares popped Wednesday, a day after the company a day released third-quarter results that exceeded analysts' estimates.
Analysts at Morgan Stanley reiterated their overweight rating on the stock, stating in a note that"the force is strong with this one." The analysts said they are encouraged by Salesforce's strong start with its artificial intelligence agent, Agentforce, as it closed more than 200 deals during the quarter with"thousands" more in the pipeline..
Similarly, analysts at Bank of America said Salesforce's third-quarter results suggest it is"leading the way" with Agentforce, and they reiterated their buy rating on the stock. The analysts raised their price target to $440 from $390.
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