Wedbush maintained a positive outlook on Salesforce.com Inc (NYSE:CRM), raising the stock's price target to $325 from $315, while keeping an Outperform rating. The adjustment reflects increased confidence in Salesforce's growth prospects, driven by strong customer feedback and the company's potential in the AI solutions sector.
The firm's decision to raise the price target is based on recent field checks that suggest Salesforce's product portfolio is gaining traction with customers. These checks indicate an uptick in the utilization of Salesforce's offerings, as organizations seek to enhance automation and efficiency within their operations through AI-driven solutions.
Wedbush's analysis points to Salesforce's "Agentforce strategy" as a key factor that could significantly influence the company's trajectory in the upcoming years. This strategy is expected to leverage Salesforce's existing customer base, which Wedbush believes is an aspect that the broader market has yet to fully acknowledge.
The firm reaffirms its belief that the risk/reward balance for investing in Salesforce is particularly favorable at the current market levels. The company's stock is seen as a top pick in the technology sector, with Wedbush expressing optimism about Salesforce's performance over the next year.
In summary, Wedbush's updated price target for Salesforce reflects a conviction in the company's ability to capitalize on the growing demand for AI solutions and its potential for continued expansion within its customer base.
Salesforce.com has been the subject of several significant developments. The company reported robust second-quarter earnings, with earnings per share of $2.56, an 8% increase in sales, and a 9% rise in subscription and support revenues. Salesforce has also acquired Zoomin, a firm specializing in unstructured data management, and Own Company, a provider of data protection and management solutions, for $1.9 billion in cash.
Salesforce has launched Agentforce, an AI-driven suite of autonomous bots, and reported a 130% year-over-year growth in its paid customer base. The company also formed a partnership with IBM (NYSE:IBM) to integrate advanced AI capabilities into its platform.
Analyst firms have provided varying perspectives on Salesforce's recent activities. KeyBanc Capital Markets maintained its Sector Weight rating on Salesforce's shares, while Piper Sandler upgraded the stock from Neutral to Overweight. BofA Securities and Needham maintained their Buy ratings, with price targets of $325 and $345, respectively. However, Erste Group and TD Cowen have downgraded the stock to Hold, due to projected slower growth and current spending conditions.
InvestingPro Insights
Recent data from InvestingPro aligns with Wedbush's optimistic outlook on Salesforce.com Inc (NYSE:CRM). The company boasts an impressive gross profit margin of 76.35% for the last twelve months as of Q2 2025, underscoring its efficiency in generating income relative to its revenue. This figure complements Wedbush's confidence in Salesforce's growth prospects and their effective use of AI solutions to drive profitability.
Additionally, Salesforce has been demonstrating a robust financial performance, with a revenue growth of 10.26% over the last twelve months as of Q2 2025. This growth is a testament to the company's expanding influence in the AI sector and its ability to attract and retain customers. With a market capitalization of $263.63 billion, Salesforce stands as a formidable entity in the technology space.
InvestingPro Tips further enrich this perspective, highlighting that Salesforce has a perfect Piotroski Score of 9, suggesting strong financial health, and that management has been actively repurchasing shares, reflecting their confidence in the company’s value. For investors seeking more in-depth analysis, there are 15 additional InvestingPro Tips available, offering a comprehensive look at Salesforce's financials and market position.
These insights, coupled with the company's strategic "Agentforce strategy," position Salesforce favorably for investors considering technology stocks with solid growth potential and a strong command over their market niche.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.