Barclays Lowers Salesforce (CRM) Price Target Ahead of Q2 Earnings Print

Salesforce, Inc. (NYSE:CRM) is one of the AI Stocks Analysts Are Watching Closely. On August 18, Barclays analyst Raimo Lenschow lowered the price target on the stock to $316.00 (from $347.00) while maintaining an Overweight rating.

According to the firm, Salesforce’s Q2 off-cycle software earnings will be another test to see if the sector can find valuation support. Even though channel checks reveal solid end demand and that stock valuation levels are much lower, artificial intelligence uncertainties still remain.

Barclays Lowers Salesforce (CRM) Price Target Ahead of Q2 Earnings Test

An investor poring over the Wall Street Journal, undecided on their next move.

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.

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