Salesforce, Inc. (NYSE:CRM) received a Neutral rating from UBS analyst Karl Keirstead with a $260.00 price target following a “mixed” third-quarter earnings report. Revenue increased 8.6% to $10.26 billion, slightly missing expectations. Current remaining performance obligation (cRPO) grew 11% in the third quarter.

Keirstead remains cautious on Salesforce until a clearer path to 10%+ growth is visible. Despite positive signs like stronger bookings, investor sentiment in the SaaS sector demands more evidence of sustained growth. Company valuation suggests limited downside risk, but the 8-9% revenue growth rate remains a concern.

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company known for its AI-powered platform called Agentforce. While CRM has potential, other AI stocks may offer greater upside with less risk. For those seeking an undervalued AI stock benefiting from current trends, consider a free report on the best short-term AI stock.

Read more at Yahoo Finance: Salesforce (CRM) Bookings Improve, But Analysts Want More