Salesforce, Inc. (NYSE:CRM) faces a lower price target of $325.00 from BofA Securities analyst Brad Sills, maintaining a Buy rating. Second-quarter deal activity met expectations, with reasons for lacking upside discussed with partners.

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that unveiled its AI-powered platform, Agentforce. While CRM has potential, other AI stocks may offer greater upside potential and less downside risk.

Partners noted that Q2 deal activity met expectations, with customers pausing digital transformation projects to evaluate with Agentforce. Revenue and cRPO estimates for Salesforce are expected to be in line with $10.1bn and $19.2bn respectively. FX is expected to provide a 1% tailwind to growth.

Read more at Yahoo Finance: BofA Keeps Buy on Salesforce (CRM) as Q2 Revenue Set to Meet Estimates