Is Salesforce, Inc. (CRM) The Most Undervalued Tech Giant to Buy?

Core Viewpoint - Salesforce, Inc. (NYSE:CRM) is considered one of the most undervalued tech giants, with potential for a rally as AI-related concerns ease and management focuses on profitability improvement [1][2] Valuation and Market Performance - The stock was trading at 9-times expected forward sales a year ago, but its current valuation is under six-times expected 2026 sales after a 30% pullback from all-time highs [2] - Analysts believe that the market is excessively bearish on Salesforce, with BTIG noting that investors are pricing in a "CRM demise" [2] - Agentforce is showing strong performance, with a 330% annual recurring revenue growth in the third quarter [2] Analyst Ratings and Price Targets - Mizuho set a price target of $340 for Salesforce, indicating an upside potential of approximately 28% [3] - The company is expected to improve year-over-year performance, with potential for organic re-acceleration [3] - 78% of analysts covering the stock have a 'Buy' or equivalent rating, with a median price target of $336, implying an upside potential of 26.25% [3] Company Overview - Salesforce, Inc. is a California-based provider of customer relationship management (CRM) technology, connecting companies and customers through offerings like Agentforce, Data Cloud, Industries AI, and Slack [4]