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$CRM•USBullish

Salesforce (CRM): BofA double upgrade to Buy argues AI deepens software lock-in

BofA upgraded Salesforce two notches to Buy from Underperform on Oct 12 and lifted its target to $285 from $160. Its case: AI agents deepen lock-in rather than replace software platforms. Shares rose about 3% premarket. AI revenue is still small.

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