Salesforce Inc. (NYSE:CRM) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On June 5, Matthew VanVliet, an analyst at Cantor Fitzgerald, reaffirmed a Buy rating on Salesforce Inc. (NYSE:CRM) stock and set a target price of $250. The firm’s price target reflects an additional 52% upside from current levels.
The cloud software company enjoyed positive analyst sentiment in the first week of June. Three different analysts raised their price targets on the stock, including Barclays, RBC Capital, and Goldman Sachs. Among these, Goldman has the highest price target on the stock of $242.
On June 1, at the Choose France summit, Salesforce announced it would invest $2 billion in France through 2030. In this plan, the company will launch a new AI Innovation Hub in Paris and expand support for AI education, workforce training, customers, and partners in the country.
The news comes after the company already expanded its AI center in London, the financial hub of Europe, on May 20. The investment in Paris shows how the company’s management is focused on serving enterprises in the European region, which it considers a key market.
Marc Benioff, chair and CEO of Salesforce, remarked,
“We are proud to deepen our commitment to France with this significant investment. France has become one of the world’s great centers of AI innovation, combining extraordinary research talent, entrepreneurial energy, and a strong commitment to trusted technology. We look forward to helping organizations across France and the region unlock a new level of agentic transformation.”
Salesforce Inc. (NYSE:CRM) is a global enterprise software company that provides customer relationship management (CRM) and cloud-based business applications across sales, service, marketing, commerce, and data analytics. Its Customer 360 platform, powered by data tools and trusted AI, enables organizations to unify customer data and drive personalized engagement.
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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