Salesforce: AI Monetization Is Clearly Happening Whether Investors Accept It Or Not

Salesforce delivered strong Q2 results, beating on both revenue and EPS, and raised full-year guidance despite a weak Q3 outlook. AI monetization is gaining traction, with Agentforce and Data Cloud driving double-digit growth in Subscription & Support for the first time in five quarters. Valuation remains attractive, with CRM trading at a significant discount to peers and historical averages, supporting a $374 price target and 48% upside.