Citi Cuts PT on Salesforce (CRM) From $200 To $188 Amid Weak Enterprise Software Spending Trends

With an upside potential of 48.0%, Salesforce, Inc. (NYSE:CRM) remains a bullish pick among analysts. The stock, therefore, earns its place on our list of the best agentic AI stocks to buy right now.

In an effort to demonstrate that artificial intelligence can spur growth, Salesforce, Inc. (NYSE:CRM) is rewriting its investor narrative around agentic AI, signaling a broader strategic shift.

On May 1, 2026, Salesforce, Inc. (NYSE:CRM) stated that, in order to align disclosures with its AI-driven “agentic enterprise” goal, the company implemented a new FY27 revenue-reporting methodology, which divides the total revenue base into two segments: Agentforce Apps and Data 360, Platform, & Other. According to revised FY26 results, of the $39.39 billion total subscription and support revenue, $26.70 billion came from Agentforce Apps and $12.69 billion from Data 360, Platform, & Other.

Despite those efforts, Salesforce, Inc. (NYSE:CRM) is yet to regain investor confidence amid AI-disruption fears.

In February, the company projected FY27 revenue of $45.8 billion to $46.2 billion, slightly below Wall Street estimates. That was indicative of weak enterprise software spending trends, which Citi reiterated in its recent note.

On May 12, 2026, the firm said customers appear to be taking longer to close deals and spending more cautiously when renewing contracts. Accordingly, the firm cut its price target on Salesforce, Inc. (NYSE:CRM) from $200 to $188 and maintained a “Neutral” rating. The stock is down over 30% so far in 2026.

Salesforce Inc. (NYSE:CRM) is a global enterprise software company that provides customer relationship management (CRM) and cloud-based business applications across sales, service, marketing, commerce, and data analytics. Its Customer 360 platform, powered by data tools and trusted AI, enables organizations to unify customer data and drive personalized engagement.

While we acknowledge the risk and potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.