Enterprise software stocks are under pressure this year as investors question whether traditional cloud providers can monetize artificial intelligence (AI) or will be left behind by it. SalesforceNYSE: CRM has navigated an approximate 12% year-to-date decline amid these broader sector concerns.
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Salesforce
$238.14+4.22 (+1.80%)As of 03:59 PM Eastern This is a fair market value price provided by Massive. Learn more.
52-Week Range
$146.32▼
$269.11
Dividend Yield
0.74%
P/E Ratio
17.32
Price Target
$278.12
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However, recent data points indicate the narrative is changing. Bank of America issued a rare double upgrade for Salesforce, lifting its rating directly from Underperform to Buy with a $285 price target. This analyst action coincided with Salesforce’s agreement to acquire Loops, an AI-powered analytics platform, for an estimated $30 million.
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