Salesforce, Inc. (NYSE:CRM) is one of the AI Stocks Hit with New Analyst Ratings. On August 26, BofA Securities analyst Brad Sills lowered the price target on the stock to $325.00 (from $350.00) while maintaining a Buy rating.
The firm conducted discussions with nearly a dozen key partners which have revealed that second-quarter deal activity has been merely in line with expectations. The firm has discussed the reasons for the lacking upside.
“Recent discussions with nearly a dozen key Partners suggest that deal activity leaned more “in line” with expectations during Q2. Partners noted that lacking upside was driven by customers pausing digital transformation projects to evaluate with Agentforce, versus a deterioration in the fundamentals. As such, we expect 2Q revenue/cRPO to be largely in line with our estimates for $10.1bn (+7.4% y/y cc)/$19.2bn (+9.0% cc). We expect FX to be a 1% tailwind to reported growth, consistent with guidance.”
Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.
While we acknowledge the potential of CRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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