Guggenheim Upgrades Salesforce (CRM) to Buy From Neutral

Salesforce, Inc. (NYSE:CRM) is among our Best Software Stocks to Buy in 2026. Recently, on July 1, John DiFucci from Guggenheim upgraded Salesforce, Inc. (NYSE:CRM) from Neutral to Buy, while maintaining a price target of $228.

​The rating upgrade comes after the stock has fallen more than 35% over the past 6 months. The sell-off has been driven by fears that AI can disrupt software businesses. The analyst noted that the sell-off and the AI fear have gone too far. He acknowledged that the company faces some risks from AI advancements but noted that the current valuation has already priced in an overly harsh downside. The analyst noted that AI can pressure Salesforce, but will not kill it.

​Overall, the Street has a bullish outlook on the stock as 73% of the 55 analysts covering the stock maintain a Buy rating. The Street’s high price target suggests more than 140% upside, while the average price target reflects more than 44% upside from the current level.

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.

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