• CRM is trading at $163.09 (4.10% up) today, driven by a Guggenheim upgrade that appears to be offsetting a recent Phillip Securities downgrade.
  • Guggenheim upgraded Salesforce to Buy from Neutral, setting a price target of $228, and dismissed fears regarding AI's impact on software valuation.
  • This positive sentiment is absorbing the impact of Phillip Securities' downgrade to Neutral from Buy and their price target cut to $166 from $270.