Salesforce (CRM – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Keith Bachman from BMO Capital maintained a Buy rating on the stock and has a $350.00 price target.
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Keith Bachman has given his Buy rating due to a combination of factors that reflect both current performance and future potential. The recent quarter’s performance was mostly in line with expectations, with channel feedback indicating results that were slightly better than planned. Despite the lack of significant upside, Salesforce is expected to meet its guidance for the April quarter and maintain its revenue growth estimates for FY26.
Additionally, the long-term potential of Salesforce’s Agentforce is viewed positively, with growing interest from customers in its Service Cloud and emerging interest in Marketing and Sales. Although adoption is still in the testing phase with isolated use cases, the high interest suggests potential for growth in the future. Bachman also highlights Salesforce’s advantages in offering integrated cloud suites and its scale, which provides brand, sales, and cost benefits over other SaaS vendors.
Bachman covers the Technology sector, focusing on stocks such as Adobe, ServiceNow, and SAP AG. According to TipRanks, Bachman has an average return of 11.0% and a 58.30% success rate on recommended stocks.
In another report released today, Scotiabank also maintained a Buy rating on the stock with a $345.00 price target.