Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $265.00 price target on salesforce.com (NYSE: CRM).

The analyst commented: "Earlier today, we virtually attended CRM's Slackbot event, which highlighted the company's AI-powered personal agent for work that has been GA to Business+ and Enterprise+ Slack customers for 2+ months. Impressively, CRM cited 125K+ hours saved for its SMB sales org using the Slack pipeline management agent alone. The event also highlighted several new features including skills, deep research, memory, note-taking, and desktop mode. More broadly, we believe CRM remains well-situated to help its vast customer base manage revenue and process optimization. CRM's core position as the system of record for front-office sales, marketing and customer support provides a foundation to further centralize data via Data 360. And Slackbot, as the conversational front-end to Agentforce, has potential to meaningfully expand how employees interact with CRM data and AI agents across the organization."

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Shares of salesforce.com closed at $186.67 yesterday.