Barclays Reiterates a Buy on Salesforce (CRM), Keeps the PT

Core Insights - Salesforce, Inc. (NYSE:CRM) is recognized as one of the best cloud stocks to buy currently, with analysts from Barclays and TD Cowen reiterating Buy ratings, although with differing price targets of $316 and $305 respectively [1][2] Group 1: Financial Performance - Salesforce is expected to report fiscal Q3 2026 results on December 3, with anticipated revenue between $10.24 billion and $10.29 billion, indicating a year-over-year growth of 8% to 9% [3] - Analyst Derrick Wood noted that while Salesforce exceeded estimates in fiscal Q2 2026, there are mixed signals for the second half of 2026, particularly concerning potential pressure in the renewal business [2] Group 2: Strategic Moves - On November 18, Salesforce completed the acquisition of Informatica, an AI-powered cloud data management company, which is expected to enhance its platform by improving data clarity and integration capabilities [4] - The acquisition aims to elevate the AgentForce 360 Platform by establishing critical data foundations [4] Group 3: Product Offering - Salesforce provides customer relationship management (CRM) technology that integrates AI to assist businesses in enhancing sales, service, marketing, and commerce [5]