Monness Raises Salesforce to Buy, Citing Valuation and AI Resilience
Monness, Crespi, Hardt moved Salesforce from Neutral to Buy, with analyst Brian White assigning a 12-month price target of $200. The firm argues that concerns about generative AI undermining Salesforce are overstated and highlights recent product traction and ARR growth as reasons the company can navigate the AI transition.