Salesforce downgraded to Sell at Guggenheim after Agentforce-driven rally

As previously reported, Guggenheim downgraded Salesforce (CRM) to Sell from Neutral with a $247 price target Salesforce has rallied about 30% in the four months since it introduced Agentforce in late August, notes the analyst, who does not believe that Salesforce will meaningfully monetize Agentforce unless it acquires several assets that “have been doing, over the past decade, what Agentforce aspires to do.” Salesforce’s status as a system of record “gives it staying power, but in our view doesn’t give it any advantage in providing AI solutions that require dynamic data with rich context,” the analyst added.