Salesforce Stock Shows Signs of AI-Driven Recovery Amid Wall Street Optimism
Salesforce shares surged 4% to close NEAR $248 on Thursday, marking one of the strongest performances in the S&P 500. The rally followed a better-than-expected earnings report, fueled by growing demand for its AI solutions and an upward revision to its outlook. Despite the gains, the stock remains down nearly 30% for the year, lagging behind peers in the software sector.
Wall Street analysts remain bullish, with Morgan Stanley reiterating an 'overweight' rating and a $405 price target—the highest on the Street. Skepticism persists among investors, but the latest results suggest Salesforce may be turning a corner in its AI adoption. The company's progress in artificial intelligence could be undervalued, presenting a potential opportunity for recovery.
