Truist Sees Strong Growth Ahead for Salesforce (CRM), Keeps Buy Rating

Salesforce, Inc. (NYSE:CRM) is one of the 10 Unrivaled Stocks of the Next 5 Years. On April 10, Truist Securities reaffirmed its Buy rating on Salesforce, Inc. (NYSE:CRM) with a price target of $280 on the stock.

The research firm pointed to a credible path for Salesforce, Inc. (NYSE:CRM) to speed up its growth in the second half of fiscal year 2027. This view is based on its interactions with the company and primary research. Truist highlighted several factors that could support this growth, including benefits from the agentic AI innovation cycle, new customer opportunities with Agentforce, and changes in pricing and packaging related to AI agents.

Truist Sees Strong Growth Ahead for Salesforce (CRM), Keeps Buy Rating

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Truist also pointed to the potential of agentic AI within Slackbot, which it believes is not fully recognized. Additionally, the research firm expects further updates and innovations related to Agentforce at the TDX developer conference.

Truist pointed to Salesforce, Inc.’s (NYSE:CRM) recently announced $25 billion accelerated share repurchase program. The firm also said that the stock appears significantly undervalued, trading at about 9.5 times its estimated free cash flow for calendar year 2027, especially considering the company’s position in the agentic AI space.

Salesforce, Inc. (NYSE:CRM) is a leading American AI cloud-based software company that specializes in customer relationship management (CRM) solutions. The company offers software, tools, services, and applications for sales, customer service, marketing, e-commerce, and analytics.

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.

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