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Mizuho Raises Salesforce Inc CRM Price Target to 370 on Strong Renewals and Agentforce Momentum

November 18, 2024
Salesforce Inc. (NYSE:CRM) has been gaining momentum in recent months, with strong renewals and the success of its new platform, Agentforce. As a result, Mizuho Securities has raised its price target for the company to $370. This is a significant increase from their previous target of $340. Mizuho noted that Salesforce's competitive advantage lies in its customer relationship management (CRM) platform, which has become essential for businesses looking to streamline their operations and improve their customer service. The company has also been investing heavily in AI and machine learning technologies, further strengthening its position in the market. Investors should consider buying Salesforce stock, as it is poised for continued growth and success in the coming months. To get a more accurate forecast of the company's stock movement, it is recommended to consult professionals from Stocks Prognosis.
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