Jim Cramer Points Out Split in Salesforce (CRM)’s Business

We recently published 15 Fresh Stocks Jim Cramer Discussed.  Salesforce, Inc. (NYSE:CRM) is one of the stocks Jim Cramer discussed.

Salesforce, Inc. (NYSE:CRM) is a customer relationship management software provider. Its shares are down by 30% over the past year and by 10.5% year-to-date. Wolfe Research discussed the firm in January, as it kept an Outperform rating and a $350 share price target. The financial firm outlined that Salesforce, Inc. (NYSE:CRM) was experiencing tailwinds for its AI portfolio. Like Cramer, Wolfe also discussed the Agentforce business and pointed out that the platform was increasing its penetration in the firm’s broader software portfolio. The commentary followed an earlier upgrade from Barclays, which had raised the share price target to $338 and kept an Overweight rating on Salesforce, Inc. (NYSE:CRM)’s shares. While Cramer admitted that the agentic business was great, he wondered whether the broader turmoil in the software sector was affecting the stock:

Pixabay/Public Domain

“Well. . .the problem is clearly one thing, which is that the agentic business for Marc is doing great but the rest of the thing is going to be challenging, hasn’t seen it yet, and I think it’s important. There are people that are not being hired anymore, the seat count isn’t going up. So what it makes me feel like, Carl, is this that the action in the stocks is not wrong.”

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Disclosure: None. This article is originally published at Insider Monkey.