** Business software provider Salesforce CRM.N forecast fiscal 2026 revenue below Wall Street expectations on Wednesday, weighed down by slower adoption of its Agentforce platform
** CRM's shares down ~4.34% at $294 in premarket trading
AGENTFORCE STILL PROMISING
** Barclays ("overweight," PT: $425) says investors are seeking growth acceleration at CRM from new AI products and the new management team** Brokerage says co offered enough in this regard with better bookings, healthy early AI points and a detailed discussion of the new management structure
** Canaccord Genuity ("buy," PT: $400) says CRM's narrative around Data Cloud and AI/Agentforce, while small, sounded pretty upbeat
** Morgan Stanley ("overweight," PT: $405) says "the combination of broad Application functionality, deep Data sets to power the AI models and an Agentic Computing architecture to take action frames CRM's strong positioning for GenAI"** With the foundation set, shares likely to climb from here through FY26, brokerage says
** RBC Capital Markets ("outperform," PT: $420) says CRM is monetizing enterprise AI initiatives through Data Cloud and 3,000 paid Agentforce deals with more on the horizon
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))