Salesforce Inc. (NYSE:CRM) is one of the 10 Best SaaS Stocks to Buy According to Reddit. On July 1, Guggenheim upgraded its rating on Salesforce to Buy from Neutral, setting a price target of $228.00, according to a report by Investing.com.
Photo by Austin Distel on Unsplash
The analyst highlighted that the company’s current valuation of 3.7 times recurring revenue and 11 times enterprise value to next-twelve-month consensus free cash flow is an attractive entry point for investors.
In contrast, Phillip Securities downgraded Salesforce to Neutral from Buy with a reduced price target of $166 from $270, according to a report by TheFly on June 29.
Earlier on June 15, Salesforce announced that it had forged a definitive agreement for the acquisition of customer agent company Fin, formerly Intercom, for approximately $3.6 billion.
Jefferies earlier expressed optimism for the acquisition, as it will accelerate AI adoption in the company’s installed base. The analyst highlighted that 15 M&A deals signed by Salesforce since May 2025 are helping accelerate innovation, as the company looks to reinvent itself amid the AI displacement narratives.
Salesforce Inc. (NYSE:CRM) helps organizations become agentic enterprises by integrating humans, agents, apps, and data on a trusted, unified platform to unlock unprecedented growth and innovation.
READ NEXT: 10 Best AI Chip Stocks to Buy for the Long Term and 10 Best Energy Stocks Capitalizing on the Data Center Boom.
Disclosure: None. Follow Insider Monkey on Google News.
