Salesforce stock jumps 3.5% as BofA upgrades CRM to buy, sets $285 price target on AI growth

Salesforce shares rose 3.5% to $237.23 during stock market trading on Monday. The stock recovered after finding support at its 50-day and 10-week average price levels. It also broke out of a short-term downward trend, which suggested that it could be a good time to buy the stock.

Bank of America (BofA) analyst Tal Liani upgraded Salesforce stock from Underperform to Buy. This means he now expects the stock to perform better.