BUZZ-Salesforce rises as US Department of Labor rolls out AI tool

Reuters03-27
BUZZ-<a href="https://laohu8.com/S/CRM">Salesforce</a> rises as US Department of Labor rolls out AI tool

** Shares of Salesforce CRM.N rise 1.6% to $184.82

** Co announced that the U.S. Department of Labor has begun rolling out Agentforce, a suite of autonomous AI agents that augments services provided by employees

** CRM is on track to snap three straight sessions of losses while the S&P 500 .SPX is down 1%

** "The DOL National Contact Center, which is vital to supporting the welfare of America’s workforce and retirees, is leveraging Salesforce's trusted data fabric and cloud technologies as the foundation for the new contact center and deploying Agentforce to provide a digital workforce of autonomous, intelligent AI agents," according to a statement

** 54 analysts cover CRM, giving it an avg rating of "buy" and median PT of $255, per LSEG data

** CRM is down 30.2% YTD vs NASDAQ Composite Index's .IXIC 7% decrease

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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