Salesforce (CRM) Gets $430 Price Target Ahead of Q2 Results

Salesforce, Inc. (NYSE:CRM) is one of the Must-Watch AI Stocks for Investors. On August 20, Citizens JMP analyst Patrick Walravens reiterated a Market Outperform rating on the stock with a $430.00 price target. The rating affirmation comes ahead of the company’s fiscal second-quarter earnings report.

The firm’s research note stated how it collected 29 data points on Salesforce’s business. 62% of those data points were positive compared to 47% positive in the previous quarter.

“We maintain our Market Outperform rating and $430 price target on Salesforce after collecting 29 data points on the business (62% positive vs. 47% positive last quarter), ahead of the company reporting F2Q results after the close on Wednesday, Sept. 3, and after the stock has fallen 26% year to date (versus a 9% increase for the S&P 500 and an 8% increase for the Russell 3000)..”

Salesforce (CRM) Gets $430 Price Target Ahead of Q2 Results

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The firm noted that the stock has fallen “due to concerns about growth slowing into the single digits, increasing competition, an M&A overhead from the pending Informatica acquisition, and diminishing relevance in an AI-first world.”

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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