IT stock under ₹50 jumps 7% after securing 5-year deal for fraud management software and other services in Europe
Investing.com - KeyBanc maintained its Overweight rating and $400.00 price target on Salesforce.com (NYSE:CRM) in a research note released ahead of the Thanksgiving holiday. The price target represents a significant upside from the current price of $234.12, with analyst targets ranging from $221 to $430, according to InvestingPro data.
The firm’s analyst Jackson Ader shared insights from channel conversations, which he described as generally positive for the cloud-based software company. KeyBanc’s research revealed that Salesforce’s small and medium-sized business (SMB) segment continues to outperform "in a big way."
Despite the overall positive outlook, one partner noted to KeyBanc that their firm would likely miss its full-year growth goal due to budget constraints among clients. This indicates some pockets of caution within the broader Salesforce ecosystem.
The research highlighted that Agentforce, Salesforce’s AI-powered offering, is beginning to influence customer decision-making processes. The note also mentioned that life sciences is driving strength in the healthcare vertical for Salesforce. InvestingPro data shows Salesforce maintains impressive gross profit margins of 77.65% and has achieved a perfect Piotroski Score of 9, indicating exceptional financial health.
KeyBanc’s analysis focused more on ecosystem developments rather than specific performance metrics, though the firm did conduct some conversations about whether partners were meeting or exceeding their plans. With Salesforce currently appearing undervalued based on InvestingPro Fair Value estimates and earnings scheduled for December 3, investors might want to explore the comprehensive Pro Research Report available for this prominent software player.
In other recent news, Salesforce has completed its acquisition of Informatica for approximately $8.3 billion in cash, earlier than initially expected. This move is set to enhance Salesforce’s AI capabilities by integrating Informatica’s data management solutions into its platform. Following this acquisition, Mizuho reiterated its Outperform rating on Salesforce, setting a price target of $340.00. Meanwhile, Cantor Fitzgerald maintained its Overweight rating with a $325.00 price target, citing confidence in Salesforce’s strong market position and potential for sustainable growth.
Informatica, on the other hand, announced strategic innovations with Microsoft at the Microsoft Ignite 2025 conference. The integration of Informatica’s Intelligent Data Management Cloud with Microsoft’s Foundry aims to aid enterprises in building AI agents using governed data. These developments highlight significant strides in AI and data management for both Salesforce and Informatica.
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