Salesforce (CRM) $430 PT, Market Outperform Reaffirmed by JMP

Salesforce, Inc. (NYSE:CRM) is a Must-Watch AI Stock on Wall StreetOn July 11, JMP Securities analyst Patrick Walravens reiterated a “Market Outperform” rating for the stock with a steady price target at $430.00.

The rating affirmation comes after the firm reviewed details of Salesforce’s merger with Informatica. The firm based its decision on the information from Informatica’s preliminary proxy statement filed with the SEC on July 3. The filing revealed that there are six other potential acquirers in the process.

Due diligence conducted revealed six positive factors and four negative factors influencing the transaction analysis. JMP stated that Salesforce has fallen 20% YTD, underperforming both the S&P and the Russell 3000.

The rating is maintained considering Salesforce continues to pursue its acquisition of Informatica.

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.

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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