Phillip Securities Maintains a Buy on Salesforce (CRM)

Salesforce, Inc. (NYSE:CRM) is one of the Best IT Stocks to Buy According to Wall Street Analysts. On March 2, Phillip Securities analyst Paul Chew maintained a Buy rating on the stock with a price target of $253.

The analyst said in a research note that the positive rating is based on the company’s strong performance in fiscal 2026 and optimism for continuation in fiscal 2027. Salesforce, Inc. (NYSE:CRM) topped its adjusted profit and EPS expectations during fiscal 2026. The analyst expects the company to post double-digit revenue growth in fiscal 2027 driven by Platform Cloud momentum.

Chew also highlighted in his note that Salesforce is expanding AI revenues. He also likes the rapid adoption of Agentic AI by existing customers, which drives margin gains as AI infrastructure costs fall.

On the same day, Tyler Radke from Citi reiterated a Hold rating on the stock but raised the price target from $197 to $200.

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Salesforce Inc. (NYSE:CRM) provides customer relationship management software and cloud-based enterprise applications. Its core offerings include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, and the analytics platform Tableau.