The shares of Salesforce Inc (NYSE: CRM) rose more than 1% on Friday, after TD Cowen upgraded the stock to “Buy” from “Hold”.
The firm also revised up its 12-month price target to $400 per share from $380 previously.
The upgrade was related to the deployment of the Agentforce AI product.
Stock Performance
The shares of Salesforce Inc (CRM) closed 1.43% ($4.56) higher at $324.56 in New York on Friday, as they snapped a two-day streak of losses.
The company’s total market cap now stands at $310.604 billion.
The shares of Salesforce Inc (CRM) went up 27.05% in 2024, compared with a 23.30% gain for the benchmark index, S&P 500 (SPX).
The company’s shares have lost 2.92% of their value so far this year.
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