Salesforce (CRM) is making progress with its long-term AI vision, but some Wall Street analysts are cautious about its near-term performance. Recently, BMO Capital analyst Keith Bachman lowered CRM stock’s price target to $335 from $350, while maintaining a Buy rating. The five-star analyst said there is a “lack of near-term catalysts,” but he remains optimistic about the company’s broader AI strategy.
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In a note to investors, Bachman highlighted Agentforce, CRM’s AI productivity platform, as a promising long-term opportunity. However, he believes the platform will take time to materially impact revenue.
Further, Bachman sees Salesforce stock’s valuation as attractive relative to its high single-digit growth outlook. However, he cautioned that investors will need patience as the company works to monetize its AI investments.
Salesforce Betting Big on AI
Salesforce is going all-in on AI as CEO Marc Benioff says it now handles up to 50% of the company’s work. Its AI platform, Agentforce, has already managed over one million customer chats, solving most of them without human help.
Another key part of Salesforce’s AI success is its Data Cloud, which processes huge amounts of data, 250 trillion transactions a week, to give businesses quick, useful insights. By combining smart automation with human input, CRM is helping firms improve service, boost sales, and save time.
Is CRM a Buy, Hold, or Sell?
Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 35 Buys, nine Holds, and three Sells assigned in the last three months. At $346.38, the average Salesforce stock price target implies a 30.26% upside potential.
