Salesforce (CRM) is set to report third-quarter earnings after the market closes on Tuesday, with analysts largely bullish on the cloud software company's stock. 

Of the 24 analys♛ts covering the stock tracked by Visible Alpha, 19 ha♛ve a “buy” or equivalent rating, compared to five “hold” ratings. Their consensus price target of $352 would represent an almost 7% premium over Wednesday’s closing price of $330.01. 

Wall Street expects Sa🍷lesforce to deliver third-quarter revenue of $9.35 billion, a 7% rise year-over-year, and net income of $1.41 billion or $1.45 per share, up from $1.22 billion 🐭or $1.25 per share a year ago. 

Salesforce E🏅xpected to Benefit From Growing AI Demand

Morgan Stanley, which holds a “buy” rating and $330 price target, said "investor interest around software companies positioned to benefit from GenAI has increased—where Salesforce's Agentforce platform appears well positioned.”

Salesforce's stock price has gained roughly 30% since the company’s Dreamforce event in September and the unveiling of its Agentforce suite of autonomous AI agents. Jefferies analysts, who maintained a "buy" rating and price target of $400, said partner checks suggested "the demand environment has improved" following the event, with 71% of those surveyed reporting more customer interest in AI, “showcasing optimism in the ecosystem.”