Bank of America Upgrades Salesforce (CRM) to Buy with $285 Price Target Amid AI Optimism

gurufocus.com · 2026-10-17

On October 17, 2026, Bank of America upgraded Salesforce Inc (NYSE: CRM) from Underperform to Buy, raising its price target to $285 from $160. This bullish revi

TickrTrends take: Bank of America's bullish stance on Salesforce reflects the firm's confidence in artificial intelligence as a driver of enterprise software valuations, a sector dynamic that could influence how investors assess financial services companies like BAC itself. With TickrTrends currently positioning BAC as fairly valued, investors should monitor whether technology enthusiasm translates into stronger loan demand or investment banking activity for major financial institutions. The upgrade suggests that technology-driven growth narratives remain compelling to equity strategists, which matters for understanding the relative valuation backdrop in which BAC operates.

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