Monness analyst Brian White has maintained their neutral stance on CRM stock, giving a Hold rating on February 19.
Brian White has given his Hold rating due to a combination of factors surrounding Salesforce’s current market position and future outlook. While Salesforce is making significant strides with its AI-driven Agentforce 2.0 platform and is poised to benefit from ongoing digital transformation trends, the company faces challenges in a competitive and fragile macroeconomic environment.
Additionally, Salesforce is undergoing executive changes, with a new President and Chief Operating & Financial Officer set to start soon, which could introduce some uncertainty. Although Salesforce is expected to meet earnings expectations and show growth in subscription sales, the overall market conditions and internal transitions suggest a cautious approach, justifying the Hold rating.
In another report released on February 19, Loop Capital Markets also maintained a Hold rating on the stock with a $330.00 price target.