Jim Cramer Discusses Salesforce (CRM)

We recently published 14 Stocks on Jim Cramer’s Radar.  Salesforce, Inc. (NYSE:CRM) is one of the stocks on Jim Cramer's radar.

Salesforce, Inc. (NYSE:CRM) is an enterprise software company that provides customer relationship management software products and services. The shares are down by 33% over the past year and by 9.6% year-to-date. Barclays discussed Salesforce, Inc. (NYSE:CRM)’s share in January as it raised the share price target to $338 from $330 and kept an Overweight rating, according to The Fly. Among the reasons that the financial firm shared for its confidence was spending confidence in the software industry. Goldman Sachs commenced coverage in January. It set a $330 share price target and a Buy rating on Salesforce, Inc. (NYSE:CRM)’s shares. The investment bank remarked that the software company could benefit from the tailwinds generated by AI adoption. However, Cramer discussed Salesforce, Inc. (NYSE:CRM) in the context of a sector that is hampered by weak performance. The CNBC TV host also pointed to the split in the firm’s AI and non-AI business:

“Now get the opp verse, okay, this is the losers, this is the software, enterprise software, Salesforce down 16. . .

“Now, by the way, Marc Benioff, would tell you, Jim, I don’t even, how could you say that, life support, have you seen our Agentforce? And Agentforce is doing well and Slack is doing well. But it’s the other parts that maybe [inaudible]. I’ve used Salesforce twice, I had 30% lift and now people tell me it costs so much money you would never do it.”

While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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