BofA Reiterates Buy on Salesforce (CRM) Amid Informatica Talks
From Yahoo Finance: 2025-05-27 13:50:00
On May 23, Bank of America Securities analyst reiterated a Buy rating on Salesforce (CRM) stock and raised the price target to $360 amid talks of acquiring Informatica. Informatica offers AI-powered cloud data management services with large clients and data expertise, potentially strengthening Salesforce’s offerings.
Informatica’s move to cloud services could boost the combined company’s revenue growth, with comparable cash flow margins. Salesforce previously tried to acquire Informatica, valued at $12 billion in 2024 but now worth half. Permira and Canada Pension Plan are major shareholders, with a potential deal announcement soon.
Salesforce (CRM) is a CRM software leader offering cloud solutions for sales, service, marketing, and commerce leveraging data and AI for customer connections. While CRM shows investment potential, other AI stocks may offer higher returns. For a promising AI stock with 100x upside potential, consider the cheapest AI stock.
Private equity firm Permira and Canada Pension Plan Investment Board are Informatica’s largest shareholders, holding stakes of 32% and 25%, respectively. Bloomberg also reports that Cloud Software Group, earlier known as Citrix Systems Inc., is also in the fray. If the deal is agreed on, it could be announced as soon as this week.
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