Truist Securities Reiterates Buy Rating on Salesforce (CRM) Stock

Salesforce, Inc. (NYSE:CRM) is one of the Best Wide Moat Stocks to Buy Right Now. The company enjoys a wide economic moat, which is backed by significant customer switching costs and network effects. On October 7, Truist Securities reiterated its “Buy” rating on the company’s stock and price objective of $400.00, highlighting potential catalysts, which can improve investor sentiment. The firm noted that some investors have tagged Salesforce, Inc. (NYSE:CRM) as a value trap. However, the firm is confident that AI and data products would fuel improved bookings in H2 and better growth prospects into FY 2027 and beyond. Overall, the firm’s rating is backed by Agentforce’s potential as the renewed growth catalyst, and the underappreciated future earnings and cash flow.

Elsewhere, Salesforce, Inc. (NYSE:CRM) posted an outstanding Q2 2026 to close the H1, with robust performance throughout revenue, margin, cash flow, and cRPO. The company surpassed all the financial targets while achieving its 10^th consecutive quarter of operating margin expansion. Salesforce, Inc. (NYSE:CRM)’s data cloud and AI annual recurring revenue exceeded $1.2 billion, reflecting a rise of 120% YoY.

Mar Vista Investment Partners, LLC, an investment management company, released its Q3 2025 investor letter. Here is what the fund said:

“Salesforce, Inc. (NYSE:CRM) stock came under pressure in Q3 as investors weighed the potential impact of trade tensions on GDP growth and IT budgets, concerns over agentic AI cannibalizing Service Cloud seats, and the slower-than-expected ramp of monetization from AI-enabled offerings such as CRM’s AgentForce.

As the global leader in SaaS-based customer relationship management software, Salesforce benefits from a vast repository of customer data. Combined with generative AI capabilities, this data can be leveraged to deliver deeper insights and improved customer outcomes. AgentForce, Salesforce’s newly launched generative AI chatbot, is designed to automate customer service tasks, which lowers costs relative to traditional call center models.

Although still early in its rollout, AgentForce has already attracted significant interest from both customers and global systems integrators. Salesforce reported that approximately 12,500 customers are currently testing AgentForce, including roughly 6,000 paying customers. We believe Salesforce is well positioned to monetize its AI initiatives over time and extend its leadership in the CRM market.”

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.