Salesforce (CRM) Gets Buy Rating on Capital Allocation Strategy

Group 1 - Salesforce, Inc. (NYSE:CRM) is currently considered one of the best FAANG+ stocks to invest in, with a Buy rating and a price target of $280 from Truist Securities [1] - The company plans to raise up to $25 billion in debt to finance a share buyback, which would be its largest bond issuance to date, surpassing the $9 billion raised for the acquisition of Slack [1] - Salesforce 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] Group 2 - A significant portion of software coverage has focused on initiating or increasing stock buyback authorizations, following a notable decline in software stocks due to AI terminal-value concerns [3]