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Goldman Sachs Assumes Coverage of Salesforce (CRM) Stock
Salesforce, Inc. (NYSE:CRM) is one of the Best Fundamental Stocks to Buy According to Analysts. On January 12, Goldman Sachs analyst Gabriela Borges assumed coverage of the company’s stock with a “Buy” rating and a price objective of $330. Notably, the firm assumed coverage of 12 stocks in the broader software sector.
Furthermore, the firm opines that AI adoption will act as a positive tailwind to the software total addressable market over the upcoming 10 years. As per the analyst, Salesforce, Inc. (NYSE:CRM)’s key performance indicators are inflecting.
Elsewhere, on January 5, RBC Capital lifted the price target on Salesforce, Inc. (NYSE:CRM)’s stock to $290 from $250, while keeping a “Sector Perform” rating. The analyst believes that 2026 can be a year when AI tailwinds become more evident for companies that are well-placed for enterprise AI adoption. On the other hand, the less-prepared companies might witness pressures. According to the firm, enterprise spending seems to be stabilizing and improving in certain areas.
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