Barclays Names Salesforce Top AI Infrastructure Software Pick

Barclays has named Salesforce Inc (NYSE:CRM) as one of its top stock picks in the infrastructure software space amid the AI shift, according to a note released on May 1, 2026. The investment bank believes AI is reshaping the enterprise software landscape, and Salesforce is well-positioned to capitalize. This comes after billionaire investor George Soros included CRM in his list of best stocks to buy in 2026.

Recommendation Change

Barclays did not explicitly change its rating or price target but included CRM in its "Top Picks" list for infrastructure software. The stock is currently trading near its 52-week high.

Analyst Rationale

Barclays argues that AI is transforming enterprise software, and Salesforce's cloud platform and extensive customer base give it a competitive edge. The company's integration of AI capabilities, such as Einstein GPT, further strengthens its position.

Context

In addition to Barclays, George Soros has shown confidence in CRM by listing it among his top picks for 2026. Salesforce shares have risen about 15% year-to-date, outperforming the S&P 500. Other analysts, including Goldman Sachs and Morgan Stanley, have buy ratings on the stock with an average price target of $350.

What to Make of It

Barclays' endorsement adds to the positive sentiment around Salesforce amid the AI shift. However, investors should consider risks such as intense competition in enterprise software and the stock's relatively high valuation.