Salesforce, Inc. (NYSE:CRM) is one of the Buzzing AI Stocks on Wall Street. On August 15, DA Davidson upgraded the stock to Neutral from Underperform with an unchanged price target of $225.
According to the firm, declining investor sentiment is appropriate for a business whose organic growth in its core is decelerating along with mounting competitive pressure.
However, Starboard has increased its stake in Salesforce by 47% this quarter and “another round of activist involvement may help the company correct course.”
A professional trader working on a laptop in a busy stock exchange.
Upgrading the stock, the firm said the “challenges” are already priced in for Salesforce.
“We are upgrading our rating to NEUTRAL from Underperform and maintaining our $225 price target based on 18.5x our updated FY27 EPS estimate.”
Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.
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