Goldman Sachs Assumes Coverage of Salesforce (CRM) Stock

Salesforce, Inc. (NYSE:CRM) is one of the Best Fundamental Stocks to Buy According to Analysts. On January 12, Goldman Sachs analyst Gabriela Borges assumed coverage of the company’s stock with a “Buy” rating and a price objective of $330. Notably, the firm assumed coverage of 12 stocks in the broader software sector.

Furthermore, the firm opines that AI adoption will act as a positive tailwind to the software total addressable market over the upcoming 10 years. As per the analyst, Salesforce, Inc. (NYSE:CRM)’s key performance indicators are inflecting.

Elsewhere, on January 5, RBC Capital lifted the price target on Salesforce, Inc. (NYSE:CRM)’s stock to $290 from $250, while keeping a “Sector Perform” rating. The analyst believes that 2026 can be a year when AI tailwinds become more evident for companies that are well-placed for enterprise AI adoption. On the other hand, the less-prepared companies might witness pressures. According to the firm, enterprise spending seems to be stabilizing and improving in certain areas.

Salesforce, Inc. (NYSE:CRM) offers customer relationship management technology, connecting companies and customers.

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.