Is Salesforce's AI Boom a Bust? Mixed Reviews on Monetization Despite Bullish Analyst Predictions
Portfolio Pulse from Anusuya Lahiri
Salesforce Inc (NYSE:CRM) received mixed reviews on its AI monetization despite bullish analyst predictions. RBC Capital analyst Rishi Jaluria reiterated Salesforce with an Outperform and a $240 price target, while Needham analyst Scott Berg reiterated Salesforce with a Buy and a $250 price target. Both analysts attended the Dreamforce conference and noted the company's focus on AI. However, there were concerns about the company's ability to monetize its AI functionality. CRM shares traded lower by 2.00% at $214.40 on the last check Friday.
September 15, 2023 | 5:30 pm
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Salesforce received mixed reviews on its AI monetization despite bullish analyst predictions. The company's shares traded lower by 2.00% at $214.40.
The news directly pertains to Salesforce and its AI offerings. The mixed reviews on the company's ability to monetize its AI functionality could negatively impact investor sentiment, which may have contributed to the 2.00% drop in the company's share price.
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