Barclays Lowers Salesforce (CRM) Price Target Ahead of Q2 Earnings Print

Salesforce, Inc. (NYSE:CRM) is one of the AI Stocks Analysts Are Watching Closely. On August 18, Barclays analyst Raimo Lenschow lowered the price target on the stock to $316.00 (from $347.00) while maintaining an Overweight rating.

According to the firm, Salesforce’s Q2 off-cycle software earnings will be another test to see if the sector can find valuation support. Even though channel checks reveal solid end demand and that stock valuation levels are much lower, artificial intelligence uncertainties still remain.

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

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