DA Davidson Lifts Salesforce (CRM) to Neutral, Keeps $225 PT

Salesforce, Inc. (NYSE:CRM) is one of the Buzzing AI Stocks on Wall Street.  On August 15, DA Davidson upgraded the stock to Neutral from Underperform with an unchanged price target of $225.

According to the firm, declining investor sentiment is appropriate for a business whose organic growth in its core is decelerating along with mounting competitive pressure.

However, Starboard has increased its stake in Salesforce by 47% this quarter and “another round of activist involvement may help the company correct course.”

Upgrading the stock, the firm said the “challenges” are already priced in for Salesforce.

“We are upgrading our rating to NEUTRAL from Underperform and maintaining our $225 price target based on 18.5x our updated FY27 EPS estimate.”

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.

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