Northland Trims Salesforce (CRM) Valuation Following Earnings Report

Salesforce, Inc. (NYSE:CRM) is included among the Billionaire George Soros Stock Portfolio: 10 Best Stocks to Buy.

Northland Trims Salesforce (CRM) Valuation Following Earnings Report

On May 28, Northland analyst Nehal Chokshi lowered the firm’s price recommendation on Salesforce, Inc. (NYSE:CRM) to $202 from $229. He reiterated a Market Perform rating on the shares. In a post-earnings note, the analyst said that estimated constant-currency current remaining performance obligation (cRPO) growth appears to be slowing.

Also on May 28, BMO Capital lowered its price goal on Salesforce to $215 from $225. It kept an Outperform rating on the stock following the company’s first-quarter earnings report. The firm said the results and guidance are unlikely to change the views of either bullish or bearish investors. As a result, BMO expects little impact on fiscal 2027 revenue growth expectations. According to the analyst, investors will likely remain focused on signs of stronger revenue growth and evidence that any improvement can be sustained. Even so, BMO continues to view the stock favorably, citing the potential for better revenue growth and what it considers an undemanding valuation.

Northland analyst Nehal Chokshi is a customer relationship management (CRM) technology company. Its AI-powered Agentforce 360 Platform provides solutions for sales, service, marketing, commerce, collaboration, data management, integration, analytics, and information technology (IT) services.

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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