Salesforce (CRM) Stock Jumps 3% After BofA Double Upgrade to Buy
Photo: CoinCentral
TLDR Salesforce (CRM) rose about 3% in pre-market trading on Monday after BofA Securities lifted its rating from Underperform to Buy. BofA raised its price target from $160 to $285 after talks with CTOs who said replacing Salesforce platforms is highly unlikely. AI-related annual recurring revenue topped $1.5 billion in the latest quarter, helped by the Agentforce platform. The consensus price target is $275.14, and about 79% of analysts have buy-equivalent ratings. Investors are also watching Wednesday’s September CPI report for clues on Federal Reserve rate policy.
Source: CoinCentral
