India, Oct. 12 -- 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. According to Investors Business Daily, the decision came as Salesforce showed signs of making more money from its artificial intelligence (AI) products.

Tal Liani set a price target of $285 for Salesforce stock. The target is higher than the stock's trading price of $237.23. The upgrade comes as Sa...