Salesforce Inc. (NYSE:CRM) is one of the best beaten-down technology stocks to buy now. On July 1, Guggenheim upgraded Salesforce Inc. (NYSE:CRM) to a Buy from Neutral and set a $228 price target. The new price target implies significant upside potential, as the stock has pulled back about 38% year to date to $163.23 a share.
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The stock has come under pressure amid concerns that agentic artificial intelligence will disrupt its traditional Software-as-a-Service business model. While Salesforce is not expected to be a major winner amid AI disruptions, Guggenheim insists the current stock price reflects extreme conditions. For instance, the current stock price implies the stock will decline by 5% in perpetuity, something that the research firm does not agree with.
Guggenheim’s John DiFucci has termed the fatal AI bear case on the software giant as a ‘hallucination’. In the first quarter of fiscal 2027, the company delivered solid financial results, with 13% revenue growth to $11.13 billion and non-GAAP EPS of $3.88, topping consensus estimates of $3.12 a share.
Salesforce Inc. (NYSE:CRM) is a cloud-based software company that provides Customer Relationship Management (CRM) solutions. It offers a centralized platform for businesses to manage sales, customer service, marketing, and e-commerce, while integrating AI agents and unified customer data to build stronger relationships and automate daily workflows.
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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