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Salesforce, Inc. (NYSE:CRM) is one of the
10 Stocks Jim Cramer Talked About & Warned About A Weak Market.
Enterprise software provider Salesforce, Inc. (NYSE:CRM)’s shares are down by 22.6% year-to-date and by 26% over the past year. BNP Paribas discussed the firm on March 27th as it raised the share price target to $230 from $220 and kept an Outperform rating on the shares. Amidst the factors that drove BNP Paribas’ coverage of Salesforce, Inc. (NYSE:CRM)’s stock was the firm’s stock buyback plans, which the financial firm estimates could total $25 billion by the end of the year, compared to its earlier estimate of $16 billion. Cramer has also discussed Salesforce, Inc. (NYSE:CRM)’s stock several times over the past couple of months. The CNBC TV host has pointed out that there is a divide between the firm’s AI and non-AI businesses, with the former represented by Agentforce. Salesforce, Inc. (NYSE:CRM) expanded Agentforce offerings on March 10th when it introduced an AI solution to integrate AI agents and digital channels under a single roof. Cramer also discussed Agentforce:
“I had Marc Benioff last night on Salesforce, and he’s got Slack. . .he’s moving, what he’s talking about is not software-as-a-service, that business is not roaring, but he’s talking about is Slack, and how, look, OpenAI is on Slack. He’s able to talk about, Anthropic on Slack, he’s got the agentic, he was the first guy to talk about agentics. But yeah, I mean it’s a tough sell. Who’s a buyer? Marc, he bought 25 billion in accelerated shareholder purchase.”
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While we acknowledge the potential of CRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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