Wall Street Analysts are Recommending These 5 Stocks in September

1. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 116

Guggenheim improved its ratings for Salesforce, Inc. (NYSE:CRM) from “Sell” to “Neutral” on Friday, September 2, 2022. Guggenheim analyst John DiFucci thinks the troubles faced by the company are already mirrored in the stock price.

DiFucci stated that Salesforce, Inc. (NYSE:CRM) shares are down about 20 percent since he commenced coverage of the cloud-based software company last month. DiFucci kept his price target of $150 per share for Salesforce, Inc. (NYSE:CRM).

Meanwhile, investment management firm Vulcan Value Partners also talked about Salesforce, Inc. (NYSE:CRM) in its first-quarter 2022 investor letter, stating:

“Salesforce.com Inc. is the dominant provider of customer relationship management software and technology. Salesforce has high retention rates, pricing power, high free cash flow, and a competitive moat. The company continues to execute well. Margins decreased slightly during the fourth quarter but continue to be on path for material expansion over the long term. Salesforce is seeing increased spending as employees are returning to the office, and we believe the global pandemic has only improved its prospects.”

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