Salesforce Core Business Steady as Agentforce Adoption Early, RBC Says
RBC Capital Markets views Salesforce's Agentforce product as still in early adoption, but the core business is stable. The report maintains a positive outlook on the stock.
According to a report by RBC Capital Markets, Salesforce's (CRM) Agentforce product remains in the early stages of adoption, while the company's core business shows stability. Analysts noted that demand for Agentforce is growing gradually but has not yet reached broad scale.
Rating Change
No change in RBC's rating for Salesforce; the stock remains at 'Outperform' with a price target not specified in the report.
Analyst Rationale
Analysts believe Agentforce, Salesforce's new AI product, has significant potential but needs time to mature. Meanwhile, the core CRM platform continues to generate stable revenue, providing a solid foundation for future growth.
Context
The remarks come as Salesforce competes with Microsoft and Oracle in enterprise AI. CRM stock has risen about 15% year-to-date but remains below its all-time high.
What We Conclude
RBC appears to view Salesforce as a balanced investment: a strong core business funding innovation in Agentforce, reducing risk while keeping growth opportunities open.
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