Jefferies Maintains a Buy on Salesforce (CRM) Despite a 40% YTD Decline

​The general weakness in the software sector has resulted in Salesforce, Inc. (NYSE:CRM) declining more than 40% on a year-to-date basis. However, the Street still expects more than 58% upside from the current level. Salesforce, Inc. (NYSE:CRM) also ranks among our list of Stocks Expected to Bounce Back According to Analysts.

​Recently, on June 15, Jefferies maintained a Buy rating on the stock with a $250 price target. The firm believes that the acquisition of Fin is expected to meaningfully accelerate AI adoption across its existing customer base. While Fin has been mainly successful among small and mid-sized businesses, Jefferies sees broader potential. The firm points to Fin’s large language model, rapid deployment capabilities, outcome-based pricing, and early enterprise wins as factors that should benefit the wider Salesforce portfolio as it scales.

​Moreover, the firm also highlighted the pace of Salesforce’s dealmaking, noting that the company has acquired 15 companies since May 2025. The firm believes that this is evidence that Salesforce is consistently reinventing itself and views this M&A activity as a meaningful driver of innovation rather than a distraction. Lastly, Jefferies also finds the $3.6 billion acquisition cost reasonable.

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.

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