We recently published a list of 10 AI Stocks Gaining Wall Street’s Attention. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other AI stocks that are gaining Wall Street’s attention.
On May 29, Wells Fargo analyst Michael Turrin raised the price target on Salesforce, Inc. (NYSE:CRM) to $275.00 (from $255.00) while maintaining an “Equal Weight” rating. Salesforce is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.
According to Turin, first-quarter results were satisfactory considering mixed enterprise trends and the timing of the Informatica deal. The company’s unchanged guidance for fiscal year 2026 was also a positive sign, even though it is likely that the stock moves sideways, driven by the uncertain economic environment and pending developments until fiscal year 2027.
A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.
Moreover, the analyst talked about the mixed momentum with Salesforce’s Data Cloud and Agentforce. Turrin also expressed skepticism regarding the Informatica deal, stating that there are more modern alternatives available in the market. The analyst also expects the narrative around Salesforce’s AI capabilities to remain unchanged until the Informatica deal finalizes.
“Against a lowered bar given mixed results across enterprise & INFA deal timing, 1Q results were fine & FY26 cc guide across-the-board was unchanged. Still expect shares to trade sideways in uneven macro & INFA pending until FY27. Stay EW, PT to $275. Data Cloud/Agentforce momentum mixed; enter M&A: Data Cloud & AI ARR surpassed $1Bn, still growing >120% y/y but implying ~$100Mn in NNARR. Also, Agentforce was quantified at ~$100Mn ARR with 8K cumulative deals, 4K paid, and 800 live. This suggests $25K/deal and a down-tick in paid-to-free ratio & net new paid deals (~1K vs ~3K in 4Q). Unless defensive, we continue to struggle w/ rationale behind INFA (vs more modern alternatives) & expect AI story to trend sideways until deal closes in Feb.”
Overall, CRM ranks 3rd on our list of AI stocks that are gaining Wall Street’s attention. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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