Stifel Nicolaus Maintains Buy Rating on Salesforce (CRM)

On May 29, analyst J. Parker Lane of Stifel Nicolaus maintained a Buy rating on Salesforce, Inc. (NYSE:CRM) and kept a price target of $375.00.

The rating update followed the company’s fiscal Q1 2026 earnings report on May 28 and reflects the analyst’s confidence in CRM’s strategic positioning in the AI space and its considerable growth potential, driven by innovative solutions such as MuleSoft, Agentforce, Data Cloud, and Tableau.

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A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.

The analyst stated that management has also expressed confidence in the company’s innovative technological capabilities, expecting them to bolster Salesforce, Inc.’s (NYSE:CRM) market presence and support revenue growth.

The company’s fiscal Q1 2026 results showed an 8% year-over-year growth in revenue which amounted to $9.8 billion. Its subscription and support revenue also increased by 8% year-over-year, reaching $9.3 billion.

The analyst further commented that Salesforce, Inc.’s (NYSE:CRM) focus on adjusting compensation structures and expanding its go-to-market capabilities demonstrates a commitment to expediting growth while ensuring margin expansion.

Although Salesforce, Inc.’s (NYSE:CRM) is in the early stages of monetizing its AI capabilities, the analyst expressed confidence in its potential to land multi-product deals. In addition, he stated that the company’s traction in the mid-market segments and SMB points towards a promising outlook, supporting the Buy rating.

While we acknowledge the potential of CRM as an investment, 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 the cheapest AI stock.

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Disclosure: None.