Jefferies Maintains a Buy on Salesforce (CRM) Despite a 40% YTD Decline

The general weakness in the software sector has resulted in Salesforce, Inc. (NYSE:CRM) declining more than 40% on a year-to-date basis. However, the Street still expects more than 58% upside from the current level Salesforce, Inc. (NYSE:CRM) also ranks among our li

The general weakness in the software sector has resulted in Salesforce, Inc. (NYSE:CRM) declining more than 40% on a year-to-date basis.

However, the Street still expects more than 58% upside from the current level

Salesforce, Inc. (NYSE:CRM) also ranks among our list of Stocks Expected to Bounce Back According to Analysts. Recently, on June 15, Jefferies maintained a Buy rating on the stock with a $250 price target. The firm believes that the acquisition of Fin is expected to meaningfully accelerate AI adoption across its existing customer base.

While Fin has been mainly successful among small and mid-sized businesses, Jefferies sees broader potential. The firm points to Fin’s large language model, rapid deployment capabilities, outcome-based pricing, and early enterprise wins as factors that should benefit the wider Salesforce portfolio as it scales. Moreover, the firm also highlighted the pace of Salesforce’s dealmaking, noting that the company has acquired 15 companies since May 2025.

Leave a Reply

Your email address will not be published. Required fields are marked *