Jim Cramer Discusses Salesforce (CRM) Stock

We recently published 17 Stocks Jim Cramer Talked About.  Salesforce Inc (NYSE:CRM) is one of the stocks that Jim Cramer talked about.

Salesforce Inc (NYSE:CRM) is a customer relationship management software provider. The shares are down by 42% over the past year and by 25% year-to-date. Stifel reiterated a Buy rating and a $300 share price target on the firm in February. The financial firm outlined that Salesforce Inc (NYSE:CRM)’s Agentforce platform is the key to its performance. Stifel believes that Agentforce’s market penetration will enable the software company to effectively compete in the AI era, as it added that Agentforce growth was exhibiting optimistic signs. Cramer has also discussed Salesforce Inc (NYSE:CRM) several times over the past couple of months. The CNBC TV host believes that there is a split in the company’s performance when it comes to its Agentforce and non-Agentforce businesses. Piper Sandler cut Salesforce Inc (NYSE:CRM)’s share price target in early February, as per The Fly. It reduced the target to $280 from $315 and kept an Outperform rating on the stock. In this appearance, Cramer compared the firm with Walmart:

“Salesforce and Walmart, let’s compare the two. They have the same cash flow. Same cash flow, okay. But, Walmart’s growth rate is half, or maybe even less than Salesforce, and Walmart’s market cap is five times Salesforce. So now I find that, quizzical.”

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