Jim Cramer says the 'worst is over' at Salesforce, sees another 20% upside from here

Salesforce shares surged after the company reported strong quarterly earnings, showcasing traction in its new AI products and signaling expected revenue acceleration. This positive performance, coupled with a new product announcement with AI firm Anthropic, has eased concerns about AI disruption and led to a significant stock price increase. Jim Cramer believes the worst is over for Salesforce, predicting the stock could reach $300, representing over 20% additional upside from recent levels.

• Salesforce stock experienced a significant rally following a strong earnings report and positive guidance.
• The company’s new AI products and a partnership with Anthropic are easing investor concerns about AI disruption.
• Jim Cramer predicts further upside for Salesforce stock, setting a new price target of $300.
• Previous concerns about AI eroding Salesforce’s business model had sent its stock into a steep decline earlier in the year.
• CEO Marc Benioff refutes the ‘SaaSpocalypse’ narrative, highlighting the success of Salesforce’s AI platform and Slack.
• The expanded partnership with Anthropic, leading to the ‘Claudeforce’ product, is seen as a meaningful development.
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