Salesforce (CRM) Wins Analyst Confidence With AI Advances and Price Hike Potential

Salesforce, Inc. (NYSE:CRM) is one of the Trending AI Stocks in Focus This Week. On July 16, Citizens JMP analyst Patrick Walravens reiterated a “Market Outperform” rating on the stock with a $430.00 price target.

The firm came out optimistic on the stock following its chat with Richard Socher at the Citizens Technology Forum. The forum was held at the Solage Resort in Calistoga, California. Socher is not only the CEO and founder of You.com and General Partner and founder of AIX Ventures, but also a former Executive Vice President and Chief Scientist at Salesforce from 2016 to 2020.

Being an influential AI researcher, Socher’s background has been helpful in assessing Salesforce’s position in the AI landscape.

Besides Citizens JMP, other firms such as JMP Securities and Cantor Fitzgerald are also optimistic about the stock due to factors including Informatica’s preliminary proxy statement, which reveals multiple potential acquirers involved in the merger process, along with the increasing adoption of Agentforce and the likelihood of increased revenue from upcoming price hikes.

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity following the unveiling of its AI-powered platform, Agentforce.

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.

READ NEXT: 10 Trending AI Stocks on Wall Street and 10 Must-Watch AI Stocks on Wall Street.

Disclosure: None.