Morgan Stanley analyst Keith Weiss maintained a Buy rating on Salesforce (CRM – Research Report) today and set a price target of $405.00.
Keith Weiss has given his Buy rating due to a combination of factors, including Salesforce’s strong positioning in the GenAI market and its attractive valuation. Despite the challenges posed by currency fluctuations and recent management changes, Weiss remains optimistic about Salesforce’s long-term growth prospects.
The new CFO, Robin Washington, is expected to adopt a prudent approach to guidance, which may temper expectations in the short term. However, the strategic acquisitions of Own Company and Zoomin are anticipated to contribute positively in fiscal year 2026, bolstering Salesforce’s growth trajectory. Additionally, the early traction of Salesforce’s Agentforce platform indicates potential for substantial customer engagement and deal closures in the coming years. With these factors in mind, Weiss sees the current valuation as undemanding compared to peers, justifying the Buy rating.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $450.00 price target.