Why Salesforce Stock Raced Nearly 5% Higher on Monday
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By Eric Volkman – Apr 13, 2026 at 7:56PM ESTKey PointsHe strongly reiterated his buy recommendation on the company in a new research note.To him, they are extremely undervalued based on current ratios.Salesforce (CRM +4.72%) is an extremely undervalued bargain stock these days, at least according to one analyst tracking the company's fortunes. On Monday, he reiterated his bullish stance on the company and his lofty price target; thanks in no small part to this, the customer relationship management (CRM) specialist's stock rose by almost 5% that trading session alone. Sold on Salesforce The prognosticator with the unshakably sunny view of Salesforce's future is Truist Securities' Terry Tillman. He published an update on his research, reaffirming his buy recommendation and $280 per share price target. That level is a robust 62% higher than Salesforce's latest closing price. Image source: Getty Images. According to reports, Tillman waxed bullish about the company's prospects for the second half of its fiscal 2027. He believes its revenue should bounce higher on the back of increased customer adoption of its premium-tier products; this should juice not only the company's top line, but profitability as well. He's also encouraged by what he considers Salesforce's recent innovations in the product line. He cited the inclusion of voice capabilities in its flagship agentic artificial intelligence (AI) platform Agentforce as one example of this. ExpandNYSE: CRMSalesforceToday's Change(4.72%) $7.78Current Price$172.74Key Data PointsMarket Cap$152BDay's Range$165.64 - $173.3952wk Range$163.52 - $296.05Volume626KAvg Vol14MGross Margin75.28%Dividend Yield1.28% Tenacious tech Tillman's latest analysis coincided with a general rise in tech stocks of long standing on Monday. Many have seen their share prices wither this year, not least because of growing worries that AI will disrupt their businesses, given the increased ability of advanced models to write software code. While there's some validity to this, I think Salesforce, in particular, has proven not only adept at embracing AI but also putting the technology front and center for its clientele (Agentforce is a handy example of this). While I'm not sure I'd count on that 60%-plus price pop Tillman anticipates, I'd still consider Salesforce to be undervalued, even after Monday's rally.Read NextApr 8, 2026 •By Adam LevyBest Growth Stocks to Buy in 2026Mar 31, 2026 •By Catherine BrockWho Owns Ford? Largest Shareholders & Board of DirectorsMar 31, 2026 •By Jeremy BowmanWho Owns ChatGPT? Largest Shareholders & Board of DirectorsMar 30, 2026 •By Jack CaporalThe AI Stocks Hedge Funds Love the MostMar 28, 2026 •By Keith SpeightsIs Now the Time to Buy Salesforce? Here's What the Numbers RevealMar 27, 2026 •By Adam LevyThis Software Company Is Betting $25 Billion That Its Stock Is Severely Undervalued Right NowAbout the AuthorEric Volkman is a contributing Motley Fool finance and stock market analyst. Previously, Eric was an equities analyst at European investment bank Raiffeisen Capital and Investment. He’s also been a freelance finance writer since 1995. He studied at Susquehanna University.TMFVolkmanStocks MentionedSalesforceNYSE: CRM$172.74(+4.72%)+$7.78Truist FinancialNYSE: TFC$50.01(+0.83%)+$0.41*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.