Can Salesforce Stock Recover? Here's What Wall Street Thinks

Core Insights - Salesforce's stock has shown a positive momentum, climbing approximately 4% to close near $248, following a better-than-expected profit report driven by AI demand and an improved outlook [1][2][3] - Despite the recent gains, the stock is still down nearly 30% for the year, indicating a significant recovery is needed [2][3] Analyst Perspectives - Morgan Stanley analysts maintain an "overweight" rating with a target of $405, suggesting that investors are underestimating Salesforce's AI potential [4] - Bank of America highlights the faster-than-expected expansion of Salesforce's backlog as a strong indicator of future demand, supporting their bull case and a target of $305 [5] - Jefferies analysts believe the current-quarter forecast may be conservative, indicating potential for an upside surprise with a target of $375 [5] Market Sentiment - Wall Street analysts are generally bullish on Salesforce, with 14 out of 18 surveyed analysts issuing "buy" calls, suggesting a mean target of around $330, which indicates a near-full recovery to the stock's levels at the beginning of the year [6][9]