BofA double-upgrades Salesforce to 'buy'; shares rise
12/10/2026 12:30
BUZZ-BofA double-upgrades Salesforce to 'buy'; shares rise ** BofA Global Research double-upgrades Salesforce CRM.N to "buy" from "underperform"; hikes price objective to $285 from $160
** Shares of the business software provider rise over 4% to $238.60 premarket
** BofA says concerns about AI-driven disintermediation are easing, adding that large enterprises are unlikely to replace platforms that house their business logic, data, workflows and compliance frameworks
** "If anything, AI should deepen dependence on these platforms" - BofA
** Average rating of 52 analysts is "buy"; their median PT is $290 - data compiled by LSEG
** Stock has lost 13.5% so far this year, compared with a 14.11% gain in the S&P 500 .SPX
(Reporting by Joel Jose in Bengaluru)