Wall Street Bullish on Salesforce (CRM), Here's Why

​Salesforce, Inc. (NYSE:CRM) is one of the Best Technology Stocks to Invest in for the Long Term. Wall Street is bullish on Salesforce, Inc. (NYSE:CRM) since the company topped revenue and EPS estimates for its fiscal second quarter of 2026.

​The company posted a revenue of $10.24 billion, up 9.77% year-over-year and ahead of consensus by $98.41 million. The EPS of $2.91 also topped estimates by $0.13. Management noted that in addition to this outperformance, the current remaining performance obligation (cRPO), which indicates future revenue under contract, also rose 11% year-over-year to $29.4 billion. Management projects next quarter’s revenue between $10.24 billion and $10.29 billion, reflecting 8% to 9% year-over-year growth.

​Several analysts have expressed optimism after the release. On September 5, Saiyi He from CMB International Securities reiterated a Buy rating on the stock, with a price target of $388. Later, on September 8, Paul Chew from Phillip Securities also reiterated a Buy rating on Salesforce, Inc. (NYSE:CRM) with a price target of $364.

​Salesforce, Inc. (NYSE:CRM) provides customer relationship management (CRM) technology that integrates AI to help businesses improve sales, service, marketing, and commerce.

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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Disclosure: None. This article is originally published at Insider Monkey.