Trump says Iran war "close to over" amid hopes for more negotiations
Investing.com - Truist Securities reiterated a Buy rating and $280.00 price target on Salesforce.com (NYSE:CRM) on Friday. The stock currently trades at $165.79, near its 52-week low of $167.12, while InvestingPro analysis suggests the shares are significantly undervalued, placing CRM among the platform’s Most Undervalued stocks.
The firm cited a credible path for growth acceleration into the second half of fiscal year 2027 following interactions with the company and primary research.
Truist pointed to cumulative benefits from the agentic AI innovation cycle, customer opportunities with Agentforce, and pricing and packaging evolution with agents. The firm also noted underappreciated agentic potential with Slackbot and expected Agentforce innovations at next week’s TDX developer conference.
The analyst highlighted Salesforce’s recent $25 billion accelerated share repurchase program. This aligns with an InvestingPro Tip noting that management has been aggressively buying back shares—one of 14 additional ProTips available to subscribers.
Truist said the shares appear severely undervalued at 9.5 times calendar year 2027 estimated free cash flow given the company’s agentic AI positioning.
In other recent news, Salesforce has been the focus of multiple analyst evaluations following its Slackbot event. The company has maintained strong support from Evercore ISI, TD Cowen, Mizuho, and JMP Securities, each reiterating their positive ratings on Salesforce stock. Evercore ISI and TD Cowen both highlighted Salesforce’s advancements in AI, with Evercore setting a price target of $260 and TD Cowen at $250. Mizuho also maintained an Outperform rating with a $265 target, noting the availability of Salesforce’s AI-powered personal agent to Business+ and Enterprise+ Slack customers.
JMP Securities commended Salesforce’s growth in AI, reporting that its Agentforce business has reached $800 million, a 169% increase year-over-year. Additionally, Agentic Work Units saw a 57% growth quarter over quarter. Meanwhile, hedge fund founder Eric Jackson has taken short positions in Salesforce and other software companies, citing an "AI Paradox." His research suggests that companies frequently discussing AI in earnings calls tend to underperform their peers. These developments highlight Salesforce’s active role in AI innovation and the varied perspectives from analysts and investors on its future trajectory.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.