Bank of America Securities analyst Bradley Sills has reiterated their bullish stance on CRM stock, giving a Buy rating on February 14.
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Bradley Sills has given his Buy rating due to a combination of factors, including the solid performance and growth prospects of Salesforce’s core products and new initiatives. Channel checks indicate strong deal activity and a positive outlook for Salesforce’s Sales and Service Clouds, with additional potential from Agentforce pilots that are gaining traction. New use cases for Agentforce, such as call summarization and semantic search, are emerging, contributing to the company’s growth potential.
Additionally, Salesforce’s data cloud deals are showing continued strength, supporting the data needs of Agentforce, and there is an increase in Mulesoft activity. Despite mixed results from Tableau and Slack, the overall healthy pipeline builds and the potential for revenue growth of 9% to 10% in FY26 reinforce the Buy rating. Salesforce’s stock currently trades at a discount compared to its peers, making it an attractive investment opportunity as it is positioned to benefit from a more favorable software spending environment and further contribution from Agentforce.
Sills covers the Technology sector, focusing on stocks such as Salesforce, Microsoft, and Workday. According to TipRanks, Sills has an average return of 3.5% and a 47.34% success rate on recommended stocks.
In another report released on February 14, Goldman Sachs also reiterated a Buy rating on the stock with a $400.00 price target.