Salesforce (CRM) Gets Buy Upgrade as AI Concerns Create Compelling Entry Point

Salesforce, Inc. (NYSE:CRM) is one of the 15 AI Stocks Analysts Are Watching: Microsoft, Nvidia, and More.

One AI stock Wall Street is bullish on based on its depressed valuation, attractive margin profile, and robust cash flow is Salesforce, Inc. (NYSE:CRM). On June 18, Monness, Crespi, Hardt analyst Brian White upgraded the stock to “Buy” from Neutral and raised the price target to $200.

Salesforce has been the second-worst performing stock in the firm’s coverage universe in 2026, bearing a 41% decline. However, the firm believes this decline has creative an attractive entry point. Monness, Crispi, Hardt noted how Salesforce has been facing investor concerns related to AI and how it could weaken the outlook for traditional software companies.

Since reaching an all-time high in late 2024, Salesforce has plummeted 58% from its peak and we believe the stock’s valuation is now compelling.

Salesforce (CRM) Gets Buy Upgrade as AI Concerns Create Compelling Entry Point

The selloff, the firm believes, makes Salesforce valuation now compelling particularly due to its attractive profit margins, strong cash flow, and ongoing share repurchase program. The firm also pointed out to its progress in supporting customers transforming into agentic enterprises.

Salesforce, Inc. provides customer relationship management technology services. The cloud-based CRM company 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 the cheapest AI stock.

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