Salesforce AI Innovations and Expanding Impress Analyst Partner Network – Salesforce (NYSE:CRM)

Mizuho analyst Gregg Moskowitz reiterated a buy rating on Salesforce Inc. RCMP with a price target of $345.

Friday, the analyst was present The Saleforce World Tour At New York. At the AI-focused event, Salesforce announced the general availability of Einstein Copilot and the Zero Copy Partner Network, which allows users to centralize data and metadata from third-party data stores without moving or copying data , as well as new seller features.

Einstein Copilot was the headliner of the event, but the Zero Copy Partner Network and incremental sales functionality added to Einstein Copilot are also significant, according to the analyst.

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The announcements further illustrate that Salesforce can legitimately monetize GenAI and strengthen its competitive position.

Moskowitz’s checks indicated that most customers are gradually developing Data Cloud. That said, at the event, Salesforce highlighted some significant early successes, including a hotel resort that saw a 40% increase in revenue thanks to superior personalization and a major airport that saw a 30% increase in digital revenue. .

The updates have strengthened Salesforce’s competitive position as the primary repository for customer data, now that Data Cloud contains a more complete picture of not only a customer’s first-party sales/marketing data, but also relationships between data and metadata across multiple data stores, Moskowitz added.

Moskowitz forecast first-quarter revenue and adjusted EPS of $9.15 billion and $2.37.

Salesforce stock has gained 44% over the past 12 months. Investors can gain exposure to the stock via REX FANG & Innovation Equity Premium Income ETF FEPI And SmartETFs Advertising and Marketing Technology ETFs MRAD.

RCMP Price Actions: Salesforce shares were up 0.82% at $275.29 as of Friday’s release.

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