Salesforce (CRM) is poised to benefit “significantly” from its generative AI initiatives on the heels of “solid” fiscal Q4 results., Wedbush said Thursday in a report.
“One of the biggest initiatives in the field is around monetizing the AI theme” in the “massive installed base,” Wedbush said. “We believe this is a major land grab opportunity that could significantly benefit [Salesforce] over the coming years and could increase overall revenue by $4 billion plus annually based on our estimates and field work by 2025.”
Wedbush maintained its outperform rating on the stock and kept the price target at $325.
“We continue to believe the risk/reward on [Salesforce] is compelling at current levels as the growth and margin story play out over the next 12 to 18 months,” Wedbush said. “The installed base opportunity is still underappreciated by the Street in our opinion as the [Salesforce] machine takes hold over the coming quarters in a much more efficient manner.”
The company’s stock rose 1.4% in recent trading Thursday.