Analyst Upgrade and Valuation
Monness, Crespi, Hardt upgraded Salesforce (CRM) to a Buy rating from Neutral, arguing that the stock’s recent price weakness has created a compelling entry point. The firm noted that concerns that generative artificial intelligence could undermine Salesforce are overstated, and that the company’s market leadership and scale position it to benefit from AI‑driven transformation.
Price Target and Financial Strength
Analyst Brian White assigned a 12‑month price target of $200 per share. He cited Salesforce’s depressed valuation, attractive margin profile, strong cash‑flow generation, a generous stock‑repurchase programme, and ongoing progress in helping customers become “agentic enterprises.”
Recent Stock Performance
The stock has fallen 41% in 2026, making it the second‑worst performer in the firm’s coverage universe, and is down 58% from its late‑2024 all‑time high.
Product Momentum and Revenue Growth
Monness, Crespi, Hardt highlighted robust momentum in the Agentforce and Data 360 product lines. During 1Q FY27, organic ARR for Agentforce & Data 360 grew more than 100% YoY to $2.3 billion, with Agentforce ARR alone increasing 205% YoY to $1.2 billion.
New Feature Launches
The analysts also pointed to the launch of Slackbot in January, described as “the fastest‑growing feature in Salesforce’s history,” and the introduction of Headless 360 in April, as further evidence that Salesforce is successfully navigating the AI era rather than being displaced by it.