Jim Cramer Discusses Big Salesforce (CRM) Deal

We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. Salesforce, Inc. (NYSE:CRM) is one of the stocks discussed by Jim Cramer.

Customer relationship management software products provider Salesforce, Inc. (NYSE:CRM)’s shares are down by 41% over the past year and by 40% year-to-date. Truist kept a Buy rating and a $280 share price target on the firm on June 15th. It discussed Salesforce, Inc. (NYSE:CRM)’s acquisition of customer agent platform provider Fin. According to Truist, the software company’s scale can help its target firm expand its market presence. On the same day, Jefferies reiterated a Buy rating on Salesforce, Inc. (NYSE:CRM)’s shares and remarked that the Fin acquisition will accelerate AI adoption. Cramer, on the other hand, shared mixed sentiment towards the deal:

“Once again, it was like Salesforce bought a company and I said, oh, finally the company’s going to move its base more towards AI, a little less towards software-as-a-service, no. No.”

Diamond Hill Select Strategy stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q1 2026 investor letter:

“Shares of Salesforce, Inc. (NYSE:CRM) declined amid concerns around generative AI competition, with revenue and profit growth trending below expectations. Despite a more prolonged slowdown than initially anticipated, growth appears poised to reaccelerate in 2026, and if management’s longer-term guidance proves accurate, revenue growth and profitability should trend higher over time.”

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.