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Wajeeh Khan

Salesforce Scores Double Upgrade From BofA. Here's Why.

Salesforce BofA Tal Liani CRM Artificial Intelligence Bank of America Slack

Salesforce (CRM) shares charged higher on Oct. 12 as a senior Bank of America analyst double upgraded them to “Buy” after reassessing the software giant’s prospects in the artificial intelligence (AI) era. Analyst Tal Liani now rates CRM at “Buy,” with a bullish price target of $285, indicating potential upside of more than 20% from current levels.

His bullish call adds to momentum that has already driven Salesforce stock up more than 50% since late June.

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