Salesforce (CRM) Gets Buy Rating on Capital Allocation Strategy

Salesforce, Inc. (NYSE:CRM) ranks among the best FAANG+ stocks to invest in right now. Truist Securities reiterated a Buy stock rating and a $280 price target for Salesforce, Inc. (NYSE:CRM) on March 10, after reports of a planned debt offering. According to reports, Salesforce, Inc. (NYSE:CRM) plans to raise up to $25 billion in debt in order to finance a share buyback. Salesforce’s anticipated bond issuance is expected to be its largest, surpassing the $9 billion raised to fund the acquisition of Slack.

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Analyst Terry Tillman stated that a substantial portion of the firm’s software coverage has focused on either establishing first-time stock buyback authorizations or significantly increasing the size of existing buyback authorizations. This comes after a substantial drop in software stocks over the last few months, driven by AI terminal-value concerns that have dominated the industry.

Salesforce, Inc. (NYSE:CRM) is a California-based provider of customer relationship management (CRM) technology. Incorporated in 1999, the company connects companies and customers together through its core offerings, including Agentforce, Data Cloud, Industries AI, and Slack.

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