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Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Salesforce, Inc.

BY MT Newswires | CORPORATE | 03/11/26 04:10 PM EDT

04:10 PM EDT, 03/11/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

CRM announces its largest-ever bond sale, a $25B eight-part offering with maturities ranging from two to 40 years, marking the company's first U.S. investment-grade debt issuance since 2021. The senior unsecured notes will finance a share buyback program under CRM's previously announced $50B repurchase authorization. While we view the capital return initiative positively for shareholders (equates to 14% of market cap), we think the lackluster response reflects Moody's debt downgrade to A2 from A1 while S&P changed its outlook to negative from positive but kept its A+ rating. Reports cite the offering drew lukewarm demand amid concerns over the buyback strategy and broader worries about the longer term impact that AI will have on the broader SaaS arena. We expect CRM to deploy the buyback proceeds strategically to enhance shareholder value (the full $50B authorization represents nearly 30% of shares outstanding) while maintaining operational flexibility for AI investments and potential M&A opportunities.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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