Salesforce (CRM): Barclays Says Macro and IT Spending Remain Stable

Salesforce, Inc. (NYSE:CRM) is one of the Best Long-Term Tech Stocks to Buy According to Analysts. On January 12, Barclays analyst Raimo Lenschow lifted its price objective on the company’s stock to $338 from $330, while keeping an “Overweight” rating, as reported by The Fly. Notably, the firm adjusted ratings and price targets in the broader software group. This relates to the 2026 outlook, and there is a favorable setup for software. As per the analyst, macro and IT spending are stable, and the stock valuation levels remain low.

Barclays Raises PT on Salesforce (CRM) Stock

In a separate release, Goldman Sachs analyst Gabriela Borges assumed coverage of Salesforce, Inc. (NYSE:CRM)’s stock with a “Buy” rating and a price objective of $330. Notably, the firm, while assuming coverages of 12 stocks in the broader software sector, added that AI adoption is expected to be a positive tailwind over the upcoming 10 years. As per the analyst, Salesforce, Inc. (NYSE:CRM)’s key performance indicators are inflecting.

Salesforce, Inc. (NYSE:CRM) offers customer relationship management technology.

While we acknowledge the potential of CRM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock.

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