Is Salesforce Inc. (NYSE:CRM) the Best Tech Stock to Buy For Long-Term Investment?
From Yahoo Finance: 2025-04-12 09:03:00
In the article “12 Best Tech Stocks to Buy For Long-Term Investment,” Salesforce Inc. (NYSE:CRM) is compared to other tech stocks for long-term investment. On April 1, Chris Verrone of Strategas Research Partners discussed the tech sector outlook on CNBC’s ‘Closing Bell,’ predicting a market rally to 5,900-5,950 from current levels. Verrone highlighted lower volatility and fewer stocks hitting new lows, signaling market resilience. Verrone emphasized the importance of monitoring market breadth, new highs, and credit conditions. He noted the shift in investor sentiment towards bears and the impact of the Fed and politics on the market. Salesforce Inc. (NYSE:CRM) ranks 9th on the list of best tech stocks for long-term investment. Salesforce Inc. (NYSE:CRM) offers CRM technology, including Agentforce, Slack, and Tableau, driving strong growth with unified platform offerings. Materne from Evercore ISI reiterated a Buy rating for Salesforce Inc. (NYSE:CRM) with a $420 price target. Agentforce acquired 3,000 paying customers in 90 days, indicating AI automation success. Data Cloud and AI ARR surged by 120%, leading to an 8% year-over-year revenue increase in FQ4 2025. Parnassus Growth Equity Fund highlighted Salesforce Inc. (NYSE:CRM) exceeding analysts’ expectations with AI integration driving growth. With a focus on AI stocks for high returns, CRM’s growth potential is acknowledged, but the report suggests an AI stock showing promise for greater returns at less than 5 times earnings.
Read more at Yahoo Finance: Is Salesforce Inc. (NYSE:CRM) the Best Tech Stock to Buy For Long-Term Investment?