Goldman Sachs Assumes Coverage of Salesforce (CRM) Stock

Group 1 - Goldman Sachs analyst Gabriela Borges initiated coverage of Salesforce, Inc. (NYSE:CRM) with a "Buy" rating and a price target of $330, highlighting the company's strong fundamentals [1] - The firm believes that AI adoption will positively impact the software total addressable market over the next decade, with Salesforce's key performance indicators showing positive trends [2] - RBC Capital raised its price target for Salesforce from $250 to $290 while maintaining a "Sector Perform" rating, indicating expectations for AI benefits to become more apparent by 2026 [3] Group 2 - Salesforce, Inc. specializes in customer relationship management technology, facilitating connections between companies and customers [4] - While Salesforce is recognized as a potential investment, there are opinions that certain AI stocks may offer greater upside potential with less downside risk [4]