Analyst Upgrades Boost Salesforce (NYSE:CRM) Stock Outlook

• Salesforce (NYSE:CRM) received multiple "Buy" rating upgrades from prominent investment firms like Citigroup and Guggenheim.
• Analysts suggest that Salesforce's valuation is currently depressed, with Guggenheim setting a price target of $228.00.
• These positive analyst revisions align with a strong market performance, including a record quarter for the Nasdaq, and led to a 4.43% daily increase in Salesforce's stock price.

Salesforce is a large software company that provides customer relationship management (CRM) services to businesses. On July 1, 2026, the investment firm Citigroup upgraded its rating on Salesforce from 'Market Outperform' to 'Buy'. As highlighted by TheFly, this new rating was posted when the stock price was $163.53.

This positive view is shared by others on Wall Street. An analyst from Guggenheim also upgraded Salesforce to 'Buy' from 'Hold', setting a price target of $228.00. The analyst suggests that fears of an "Armageddon" scenario are "too extreme" and that the company's valuation has become too depressed, even with real threats from artificial intelligence (AI).

These analyst upgrades come as the market enters the third quarter after a strong performance. Salesforce was featured in a list of Wednesday's best analyst research calls. This followed a record-setting second quarter where the tech-heavy Nasdaq index marked its best quarterly performance since 2020, finishing the session 1.52% higher.

Reflecting this positive sentiment, shares of Salesforce are currently priced at $163.60, a notable increase of $6.94, or 4.43%, for the day. The share price has fluctuated between a low of $161.39 and a high of $165.14. Over the past 52 weeks, Salesforce has reached a 52-week high of $276.80 and a 52-week low of $146.32.

The company has a current market capitalization of approximately $133.99 billion. Market capitalization is the total value of a company's shares of stock. Trading activity for the day is also high, with a trading volume of over 3.1 million shares.