.September 19, 2024
9:05:03 PM

Goldman Sachs upgraded Salesforce (NYSE:CRM) to a “Buy” rating after the Dreamforce event, signaling a positive outlook. The stock price rose by 5.37% to $265.99 following the announcement. Salesforce introduced new generative AI tools at Dreamforce, showcasing innovation and competitiveness in the CRM software market. The company’s focus on data security, particularly within its Slack platform, has bolstered investor confidence. Discussions at Dreamforce also highlighted the broader implications of AI technology, emphasizing the importance of a balanced approach to adoption and regulation. Salesforce’s strategic direction towards AI advancements continues to attract investors, with a market capitalization of about $254.29 billion.