Salesforce, Inc. (CRM) PT Reduced as Piper Sandler Flags Rising AI Competition in Enterprise Software

We recently compiled a list of the 10 Most Undervalued Dow Stocks to Buy Now. Salesforce, Inc. tops our list of most undervalued stocks.

TheFly reported on April 17 that Piper Sandler revised its outlook on CRM, reducing its price target from $250 to $215 while maintaining an Overweight rating. The firm cited a difficult environment for enterprise software in 2026, noting that advanced AI model developers are increasingly expanding into higher layers of business software and competing more directly for corporate IT spending. It also pointed to growing pressure on valuation assumptions as investors rethink long-term earnings multiples. Ahead of the upcoming first-quarter results, the firm adjusted group-level multiples and also downgraded three companies within the sector.

Salesforce, Inc. (CRM) PT Reduced as Piper Sandler Flags Rising AI Competition in Enterprise Software

Separately, on April 15, Salesforce, Inc. (NYSE:CRM) announced an expanded partnership with Engine, a global travel connectivity platform. As part of the agreement, Engine will use CRM’s Agentforce 360 Platform to support its goal of improving connectivity and efficiency in the travel sector. The collaboration also integrates Slack alongside Agentforce to create a unified digital workspace. This setup is designed to allow employees and AI agents to operate together in real time, improving coordination across travel-related processes. Engine stated that the combined system will function as a central command hub to streamline and enhance each stage of the travel experience for users and operators.

Salesforce, Inc. (NYSE:CRM) is a global leader in cloud-based CRM software, founded in 1999 and based in San Francisco. It provides tools for sales, service, marketing, and analytics, and focuses on AI-driven customer solutions through its Einstein and Agentforce platforms.

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.

READ NEXT: 8 Oversold Biotech Stocks to Invest In Now and 10 Best Beaten Down Stocks to Invest in According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.