Analyst J. Parker Lane of Stifel Nicolaus maintained a Buy rating on Salesforce (CRM – Research Report), retaining the price target of $375.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
J. Parker Lane’s rating is based on Salesforce’s strategic positioning in the AI sector and its potential for growth through innovative solutions like Agentforce, Data Cloud, MuleSoft, and Tableau. The company’s management has expressed optimism about these offerings, which are expected to enhance Salesforce’s market presence and drive revenue growth.
Additionally, Salesforce’s commitment to expanding its go-to-market capacity and adjusting compensation structures is aimed at accelerating growth while maintaining a focus on margin expansion. Despite being in the early stages of monetizing its AI capabilities, Salesforce’s ability to secure multi-product deals and its traction in the SMB and mid-market segments suggest a promising outlook. Consequently, the combination of these factors supports the Buy rating and a target price of $375 for CRM shares.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $440.00 price target.
CRM’s price has also changed moderately for the past six months – from $330.010 to $276.030, which is a -16.36% drop .