Salesforce rises after Northland Capital upgrades stock
** Shares of enterprise cloud firm Salesforce CRM.N rise ~1.7% to $275
** Northland Capital Markets upgrades stock to "outperform" and raises PT to $400 from $270
** Brokerage believes that with the launch of Agentforce, CRM has "minimally caught up with Microsoft MSFT.O as AI has evolved from predictive to generative to agentic"
** It also says that CRM's GenAI initiatives have come to fruition with Agentforce, providing greater confidence in sustained mid-teen revenue growth
** 38 of 49 brokerages rate the stock "buy" or higher, 10 "hold" and one "strong sell"; their median PT is $305 - LSEG data
** Up to last close, stock had risen ~4% YTD
Reporting by Zaheer Kachwala in Bengaluru
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