Guggenheim has revised its stance on Salesforce (CRM, Financial), upgrading the stock from a Sell to a Neutral rating. This shift comes as Salesforce's stock price has reached a point that aligns more closely with its future outlook, as analyzed by Guggenheim's John DiFucci.
Despite this upgrade, some challenges continue to linger for Salesforce. The firm notes ongoing sluggishness in Agentforce traction, suggesting that certain hurdles remain for the company's performance. However, the adjustment in the stock's valuation prompted the upgrade, indicating a potentially more stable future for Salesforce in the eyes of investors.
