Salesforce down; software firm to buy Fin for about $3.6 billion
BUZZ-Salesforce down; software firm to buy Fin for about $3.6 billion ** Business software provider Salesforce CRM.N down 0.6% at $165.03
** CRM says will buy autonomous AI agent platform Fin for about $3.6 billion, bolstering its AI agent platform Agentforce
** "We believe the Fin deal will help accelerate AI adoption in CRM's installed base" - Jefferies
** Fin gives Agentforce more standardized, out of-the-box AI agent capabilities, particularly for midsize organizations that prioritize speed of deployment - William Blair
** The acquisition could raise questions about the pace of organic innovation within Agentforce - Raymond James
** 40 of 54 brokerages rate the stock "buy" or higher, 12 "hold" and two "sell" or lower; their median PT is $246 - data compiled by LSEG
** As of last close, stock down ~37% this year
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))