Salesforce (CRM) surged 4.87% in yesterday’s trading session. The software company rallied following a temporary tariff reduction between the U.S. and China. The trade deal, which lowers U.S. tariffs on Chinese imports from 145% to 30% and Chinese tariffs on U.S. goods from 125% to 10%, has fueled optimism that easing trade tensions could aid global economic growth.
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How Tariff Relief Supports Salesforce
As a cloud-based software giant, Salesforce benefits from lower trade barriers, which could reduce costs for enterprise customers and boost international expansion. The company has been investing in AI solutions, and a more stable trade scenario could accelerate adoption across key markets.
Importantly, CRM stock was not alone in its rally. Other software stocks, such as AppLovin (APP), Datadog (DDOG), and Atlassian (TEAM), also saw gains of 5.9%, 5.1%, and 7.8%, respectively, as investors welcomed lower tariffs.
With AI-driven innovation and strong enterprise demand, Salesforce is set to benefit from better trade conditions. If tariff reductions hold, the company could see higher global sales and stronger revenue growth in the coming quarters.
CRM Sees Strong Growth in Americas & EMEA
According to data provided by Main Street Data, CRM is seeing strong sales growth in America and EMEA, thanks to high demand for AI and Data Cloud products. Also, growth in the Asia Pacific region is steady.
While foreign exchange headwinds and industry challenges present hurdles, expanding Agentforce and AI integration should drive future performance.
Is CRM a Good Stock to Buy Now?
Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 32 Buys, eight Holds, and three Sells assigned in the last three months. At $359.39, the average Salesforce stock price target implies a 24.43% upside potential.
