Ultime notizie per Salesforce (NYSE:CRM) Azioni

Salesforce

Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

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The cloud battle between Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) is hitting new highs, and both stocks are riding the AI wave <a href="https://www.benzinga.com/topic/artificial-intelligence">to impressive gains</a>.
But which one is winning? Let's dive into the numbers, recent moves, and what investors need to know.
<h2 class="wp-block-heading">Oracle's Big Play: Malaysia's Mega Cloud</h2>
Oracle has been flexing its cloud muscles, with a 20% stock jump over the past month, +61% YTD, thanks to impressive growth in its cloud infrastructure services. The latest boost? 
A $6.5 billion investment to establish a public cloud region in Malaysia—outpacing Amazon.com Inc's $6.2 billion AWS plan. Oracle's aggressive push aims to tap into Malaysia's growing demand for AI, data, and analytics, potentially becoming one of the largest tech investments in Southeast Asia.
Read Also: <a href="https://www.benzinga.com//node/41139192">Oracle Bets Big: Plans Over $6.5B Cloud Expansion In Malaysia To Fuel AI Innovation</a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094546/Screenshot-2024-10-03-at-5.36.35-PM.png" alt="" class="wp-image-578711" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094546/Screenshot-2024-10-03-at-5.36.35-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094546/Screenshot-2024-10-03-at-5.36.35-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
On the charts, Oracle stock is showing solid bullish signals across the board, trading at $167.71, above its eight-day, 20-day and 50-day moving averages. However, some selling pressure indicates caution for those diving in for short-term gains. 
Still, with ambitious revenue targets of $104 billion by FY2029, Oracle is playing the long game.
<h2 class="wp-block-heading">Salesforce: GenAI Power Move</h2>
Meanwhile, Salesforce isn't standing still. The stock is up 12.67% in the last month, powered by its new AgentForce platform, <a href="https://www.benzinga.com//node/41145130" target="_blank" rel="noopener">which analysts have hailed as "on par"</a> with Microsoft Corp's GenAI.
Piper Sandler even upgraded Salesforce to Outperform with a price target of $400. AgentForce, designed for sales, marketing, and service workflows, could boost Salesforce's TAM by a whopping $3.2 trillion. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094733/Screenshot-2024-10-03-at-5.36.23-PM.png" alt="" class="wp-image-578714" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094733/Screenshot-2024-10-03-at-5.36.23-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094733/Screenshot-2024-10-03-at-5.36.23-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Salesforce stock&#8217;s bullish technical signals, trading at $279.48, above its eight-day, 20-day and 50-day moving averages, confirm strong buying pressure.
<h2 class="wp-block-heading">The Verdict?</h2>
Both Oracle and Salesforce are AI-driven, cloud-hungry giants with plenty of growth potential. Oracle's bold infrastructure moves in Asia give it global reach, while Salesforce's GenAI ambitions position it to dominate in enterprise software. 
Investors eyeing cloud and AI should consider both—but Oracle's international ventures and bullish long-term outlook might edge out Salesforce's innovative short-term wins.
The real question: Who will be the ultimate king of the cloud? Let's see how the AI boom unfolds.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/09/41002243/oracle-surges-20-in-september-as-ai-cloud-strategy-flashes-bullish-signals">Oracle Surges 20% In September As AI, Cloud Strategy Flashes Bullish Signals</a></li>
</ul>
Photo: Shutterstock

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Tech

Trading Ideas

Oracle Vs. Salesforce: Cloud Wars Heat Up, Stocks Take Off

Investors with a lot of money to spend have taken a bearish stance on Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 61 uncommon options trades for Salesforce.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 40%, bearish.
Out of all of the special options we uncovered, 15 are puts, for a total amount of $498,753, and 46 are calls, for a total amount of $3,511,650.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $350.0 for Salesforce, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Salesforce's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Salesforce's significant trades, within a strike price range of $150.0 to $350.0, over the past month.
<h3>Salesforce Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727902032_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$12.2</td>
<td>$12.1</td>
<td>$12.2</td>
<td>$280.00</td>
<td>$676.1K</td>
<td>3.5K</td>
<td>601</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$12.35</td>
<td>$12.1</td>
<td>$12.1</td>
<td>$280.00</td>
<td>$539.8K</td>
<td>3.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.9</td>
<td>$20.85</td>
<td>$20.85</td>
<td>$280.00</td>
<td>$200.1K</td>
<td>3.3K</td>
<td>405</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$21.75</td>
<td>$21.6</td>
<td>$21.7</td>
<td>$280.00</td>
<td>$195.3K</td>
<td>3.3K</td>
<td>243</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$13.85</td>
<td>$13.7</td>
<td>$13.85</td>
<td>$290.00</td>
<td>$138.5K</td>
<td>2.3K</td>
<td>198</td>
</tr>
</tbody>
</table>

<h3>About Salesforce</h3>
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
<h3>Current Position of Salesforce</h3>
<ul>
<li>With a trading volume of 7,570,877, the price of CRM is up by 3.47%, reaching $280.26.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 56 days from now.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Salesforce, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Decoding Salesforce's Options Activity: What's the Big Picture?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$117.00</td>
<td>$50.2K</td>
<td>25.4K</td>
<td>42.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$160.00</td>
<td>$25.7K</td>
<td>10.6K</td>
<td>37.6K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$110.00</td>
<td>$25.7K</td>
<td>10.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$190.00</td>
<td>$45.0K</td>
<td>780</td>
<td>2.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$420.00</td>
<td>$54.3K</td>
<td>4.4K</td>
<td>1.5K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$275.00</td>
<td>$27.6K</td>
<td>763</td>
<td>936</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$22.50</td>
<td>$28.1K</td>
<td>13.9K</td>
<td>377</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$170.00</td>
<td>$428.5K</td>
<td>1.0K</td>
<td>206</td>
</tr>
<tr>
<td>APPN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$40.00</td>
<td>$26.4K</td>
<td>63</td>
<td>103</td>
</tr>
<tr>
<td>ADSK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$280.00</td>
<td>$66.0K</td>
<td>262</td>
<td>91</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on October 4, 2024. Parties traded 433 contract(s) at a $117.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $50.2K, with a price of $116.0 per contract. There were 25469 open contracts at this strike prior to today, and today 42110 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option trade that happens to be bearish, expiring in 2 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $257.0 per contract. There were 10676 open contracts at this strike prior to today, and today 37632 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bearish sentiment. It expires in 44 day(s) on November 15, 2024. Parties traded 89 contract(s) at a $110.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $289.0 per contract. There were 10409 open contracts at this strike prior to today, and today 3151 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bearish sentiment. It expires in 23 day(s) on October 25, 2024. Parties traded 150 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $300.0 per contract. There were 780 open contracts at this strike prior to today, and today 2056 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bullish, expiring in 16 day(s) on October 18, 2024. This event was a transfer of 75 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $54.3K, with a price of $725.0 per contract. There were 4416 open contracts at this strike prior to today, and today 1516 contract(s) were bought and sold. 
• For CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we notice a call option trade that happens to be neutral, expiring in 2 day(s) on October 4, 2024. This event was a transfer of 39 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $710.0 per contract. There were 763 open contracts at this strike prior to today, and today 936 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bullish sentiment. It expires in 107 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $281.0 per contract. There were 13989 open contracts at this strike prior to today, and today 377 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 170 day(s) on March 21, 2025. Parties traded 100 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $428.5K, with a price of $4285.0 per contract. There were 1030 open contracts at this strike prior to today, and today 206 contract(s) were bought and sold. 
• Regarding APPN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>), we observe a call option trade with bullish sentiment. It expires in 142 day(s) on February 21, 2025. Parties traded 103 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $257.0 per contract. There were 63 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
• Regarding ADSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), we observe a call option trade with bearish sentiment. It expires in 44 day(s) on November 15, 2024. Parties traded 100 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $660.0 per contract. There were 262 open contracts at this strike prior to today, and today 91 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADSK

APPN

INTC

MSTR

10 Information Technology Stocks With Whale Alerts In Today's Session

Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) recently received an <a href="https://www.benzinga.com/news/24/09/41012804/salesforces-free-cash-flow-could-double-by-2029-amid-ai-push-analyst-says-while-upgrading-stock">upgrade from Piper Sandler analysts</a>.
The company&#8217;s AgentForce platform is now "on par" with Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), according to Northland Capital Partners.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/591479b9290fa7000138e4b7/nehal-chokshi">Analyst Nehal Chokshi</a> upgraded the rating for Salesforce to Outperform, while raising the price target from $270 to $400.
The Salesforce Thesis: On Sept. 12, the company officially rolled out AgentForce. The platform enables users to deploy GenAI agents into sales, service, marketing and commerce workflows.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
AgentForce is powered by the Atlas engine, which eliminates the need to write code to build agents, while also having the ability to determine when to leverage human expertise, which is "a significant development in the field of autonomous agents," Chokshi said.
Salesforce is pricing AgentForce on a consumption basis, which aims at capturing a portion of the value GenAI creates for end customers. This could increase the software TAM (total addressable market) by $3.2 trillion, representing a 4x increase, the analyst stated.
CRM Price Action: Shares of Salesforce had risen by 1.24% to $7.83 at the time of publication on Wednesday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41046002/salesforce-analyst-sees-ai-as-a-tailwind-stakeholders-fed-up-with-dual-mandate">Salesforce Analyst Sees AI As A Tailwind, Stakeholders &#8216;Fed Up&#8217; With Dual Mandate</a></li>
</ul>
Image: Salesforce

Salesforce's GenAI Platform AgentForce 'On Par' With Microsoft: Analyst

WIIM

Salesforce shares are trading higher after Northland Capital Markets upgraded the stock from Market Perform to Outperform and raised its price target from $270 to $400.

In the fast-paced and highly competitive business world of today, conducting thorough company analysis is essential for investors and industry observers. In this article, we will conduct an extensive industry comparison, evaluating Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) in relation to its major competitors in the Software industry. Through a detailed examination of key financial metrics, market standing, and growth prospects, our objective is to provide valuable insights and illuminate company's performance in the industry.
<h3>Salesforce Background</h3>
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Salesforce Inc</td>
<td>47.19</td>
<td>4.49</td>
<td>7.28</td>
<td>2.44%</td>
<td>$2.79</td>
<td>$7.17</td>
<td>8.39%</td>
</tr>
<tr>
<td>SAP SE</td>
<td>93.59</td>
<td>5.66</td>
<td>7.30</td>
<td>2.1%</td>
<td>$1.94</td>
<td>$6.02</td>
<td>9.72%</td>
</tr>
<tr>
<td>Adobe Inc</td>
<td>42.57</td>
<td>15.22</td>
<td>10.89</td>
<td>11.46%</td>
<td>$2.31</td>
<td>$4.85</td>
<td>10.59%</td>
</tr>
<tr>
<td>Intuit Inc</td>
<td>58.14</td>
<td>9.22</td>
<td>10.58</td>
<td>-0.11%</td>
<td>$0.13</td>
<td>$2.4</td>
<td>17.4%</td>
</tr>
<tr>
<td>Palantir Technologies Inc</td>
<td>214.47</td>
<td>20.16</td>
<td>34.94</td>
<td>3.43%</td>
<td>$0.11</td>
<td>$0.55</td>
<td>27.15%</td>
</tr>
<tr>
<td>Synopsys Inc</td>
<td>51.10</td>
<td>9.87</td>
<td>11.90</td>
<td>5.49%</td>
<td>$0.46</td>
<td>$1.24</td>
<td>12.65%</td>
</tr>
<tr>
<td>Cadence Design Systems Inc</td>
<td>68.24</td>
<td>16.93</td>
<td>17.28</td>
<td>5.86%</td>
<td>$0.38</td>
<td>$0.92</td>
<td>8.61%</td>
</tr>
<tr>
<td>Workday Inc</td>
<td>41.50</td>
<td>7.64</td>
<td>8.22</td>
<td>1.6%</td>
<td>$0.28</td>
<td>$1.57</td>
<td>16.68%</td>
</tr>
<tr>
<td>Roper Technologies Inc</td>
<td>40.98</td>
<td>3.24</td>
<td>8.99</td>
<td>1.88%</td>
<td>$0.69</td>
<td>$1.19</td>
<td>12.12%</td>
</tr>
<tr>
<td>Autodesk Inc</td>
<td>54.78</td>
<td>23.29</td>
<td>9.97</td>
<td>12.17%</td>
<td>$0.39</td>
<td>$1.36</td>
<td>11.9%</td>
</tr>
<tr>
<td>AppLovin Corp</td>
<td>55.84</td>
<td>53.60</td>
<td>11.57</td>
<td>39.35%</td>
<td>$0.51</td>
<td>$0.8</td>
<td>43.98%</td>
</tr>
<tr>
<td>Datadog Inc</td>
<td>242.55</td>
<td>15.97</td>
<td>17.54</td>
<td>1.9%</td>
<td>$0.06</td>
<td>$0.52</td>
<td>26.66%</td>
</tr>
<tr>
<td>Ansys Inc</td>
<td>55.28</td>
<td>4.89</td>
<td>11.79</td>
<td>2.37%</td>
<td>$0.2</td>
<td>$0.52</td>
<td>19.64%</td>
</tr>
<tr>
<td>Tyler Technologies Inc</td>
<td>119.80</td>
<td>7.88</td>
<td>12.28</td>
<td>2.2%</td>
<td>$0.12</td>
<td>$0.24</td>
<td>7.28%</td>
</tr>
<tr>
<td>PTC Inc</td>
<td>71.89</td>
<td>7.02</td>
<td>9.56</td>
<td>2.32%</td>
<td>$0.13</td>
<td>$0.41</td>
<td>-4.37%</td>
</tr>
<tr>
<td>Zoom Video Communications Inc</td>
<td>24.51</td>
<td>2.48</td>
<td>4.69</td>
<td>2.6%</td>
<td>$0.23</td>
<td>$0.88</td>
<td>2.09%</td>
</tr>
<tr>
<td>Manhattan Associates Inc</td>
<td>83.78</td>
<td>69.94</td>
<td>17.22</td>
<td>21.98%</td>
<td>$0.07</td>
<td>$0.15</td>
<td>14.85%</td>
</tr>
<tr>
<td>Dynatrace Inc</td>
<td>100.23</td>
<td>7.51</td>
<td>10.46</td>
<td>1.89%</td>
<td>$0.06</td>
<td>$0.32</td>
<td>19.93%</td>
</tr>
<tr>
<td>Bentley Systems Inc</td>
<td>43.30</td>
<td>15.30</td>
<td>12.92</td>
<td>7.52%</td>
<td>$0.1</td>
<td>$0.27</td>
<td>11.32%</td>
</tr>
<tr>
<td>Average</td>
<td>81.25</td>
<td>16.43</td>
<td>12.67</td>
<td>7.0%</td>
<td>$0.45</td>
<td>$1.34</td>
<td>14.9%</td>
</tr>
</tbody>
</table>
<style>
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 }
 </style>When closely examining Salesforce, the following trends emerge: 
<ul>
<li>
A Price to Earnings ratio of 47.19 significantly below the industry average by 0.58x suggests undervaluation. This can make the stock appealing for those seeking growth.
</li>
<li>
The current Price to Book ratio of 4.49, which is 0.27x the industry average, is substantially lower than the industry average, indicating potential undervaluation.
</li>
<li>
The Price to Sales ratio is 7.28, which is 0.57x the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
With a Return on Equity (ROE) of 2.44% that is 4.56% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.
</li>
<li>
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $2.79 Billion is 6.2x above the industry average, highlighting stronger profitability and robust cash flow generation.
</li>
<li>
The company has higher gross profit of $7.17 Billion, which indicates 5.35x above the industry average, indicating stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of 8.39% is significantly lower compared to the industry average of 14.9%. This indicates a potential fall in the company's sales performance.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727881239_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a key indicator of a company's financial health and its reliance on debt financing.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When assessing Salesforce against its top 4 peers using the Debt-to-Equity ratio, the following comparisons can be made:
<ul>
<li>
Salesforce has a stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.2.
</li>
<li>
This suggests that the company has a more favorable balance between debt and equity, which can be perceived as a positive indicator by investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Salesforce, the PE, PB, and PS ratios are all low compared to industry peers, indicating potential undervaluation. However, the low ROE suggests lower profitability compared to peers. The high EBITDA and gross profit levels are positive indicators of strong financial performance. The low revenue growth rate may be a concern for future prospects compared to industry peers in the Software sector.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Competitor Analysis: Evaluating Salesforce And Competitors In Software Industry

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5911f1bd290fa7000105e62b/chuck-grom">Gordon Haskett analyst Chuck Grom</a> upgraded the rating for The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) from Accumulate to Buy and announced a $450 price target. Home Depot shares gained 1% to close at $409.05 on Tuesday. <a href="https://www.benzinga.com/quote/HD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets analyst Nehal Chokshi upgraded Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Market Perform to Outperform and boosted the price target from $270 to $400. Salesforce shares fell 1% to close at $270.87 on Tuesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f614b70bd9910001a77ae8/john-pancari">Evercore ISI Group analyst John Pancari </a>upgraded the rating for M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from In-Line to Outperform and increased the price target from $187 to $210. M&amp;T Bank shares fell 3% to close at $172.72 on Tuesday. <a href="https://www.benzinga.com/quote/MTB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst John Royall upgraded Par Pacific Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PARR#NYSE">PARR</a>) from Neutral to Overweight, but slashed the price target from $36 to $30. Par Pacific shares fell 0.4% to close at $17.53 on Tuesday. <a href="https://www.benzinga.com/quote/PARR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6012978b879cba0001e02774/kelly-motta">Keefe, Bruyette &amp; Woods analyst Kelly Motta</a> upgraded the rating for CVB Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVBF#NASDAQ">CVBF</a>) from Market Perform to Outperform and boosted the price target from $20 to $22. CVB Financial shares fell 2.4% to close at $17.39 on Tuesday. <a href="https://www.benzinga.com/quote/CVBF/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying CRM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6-1024x502.png" alt="" class="wp-image-576532" style="width:647px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6-1024x502.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6.png 1362w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Upgrades

Analyst Ratings

CVBF

PARR

This Salesforce Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keybanc raised the price target for Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) from $171 to $182. Keybanc analyst Jason Celino maintained an Overweight rating. Paylocity shares fell 1.3% to close at $162.87 on Tuesday. <a href="https://www.benzinga.com/quote/pcty/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) from $280 to $318. Baird analyst Timothy Wojs maintained a Neutral rating. Acuity Brands shares gained 8.7% to close at $299.35 on Tuesday. <a href="https://www.benzinga.com/quote/AYI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark raised The Marcus Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) price target from $18 to $20. Benchmark analyst Mike Hickey maintained a Buy rating. Marcus shares gained 0.5% to close at $15.15 on Tuesday. <a href="https://www.benzinga.com/quote/MCS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) price target from $130 to $107. B of A Securities analyst Heather Balsky downgraded the stock from Buy to Neutral. PVH shares fell 3.2% to close at $97.64 on Tuesday. <a href="https://www.benzinga.com/quote/PVH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Northland Capital Markets raised Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) price target from $270 to $400. Northland Capital Markets analyst Nehal Chokshi upgraded the stock from Market Perform to Outperform. Salesforce shares fell 1% to close at $270.87 on Tuesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group raised the price target for M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from $187 to $210. Evercore ISI Group analyst John Pancari upgraded the stock from In-Line to Outperform. M&amp;T Bank fell 3% to close at $172.72 on Tuesday. <a href="https://www.benzinga.com/quote/MTB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) price target from $515 to $520. Morgan Stanley analyst Brian Harbour maintained an Overweight rating. Domino&#8217;s shares gained 0.1% to close at $430.66 on Tuesday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised the price target for Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) from $121 to $127. Piper Sandler analyst John Barnidge maintained a Neutral rating. Prudential Financial shares fell 1.4% to close at $119.36 on Tuesday. <a href="https://www.benzinga.com/quote/PRU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna boosted Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) price target from $250 to $260. Susquehanna analyst Bascome Majors maintained a Neutral rating. Union Pacific shares fell 0.4% to close at $245.55 on Tuesday. <a href="https://www.benzinga.com/quote/UNP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) price target from $104 to $100. B of A Securities analyst Lorraine Hutchinson maintained a Buy rating. NIKE shares gained 0.8% to close at $89.13 on Tuesday. <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock</a>. </li>
</ul>
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</ul>

Price Target

Pre-Market Outlook

PCTY

Nike To $100? Here Are 10 Top Analyst Forecasts For Wednesday

Northland Capital Markets analyst Nehal Chokshi upgrades Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Market Perform to Outperform and raises the price target from $270 to $400.

Northland Capital Markets Upgrades Salesforce to Outperform, Raises Price Target to $400

Many investors are going full macro mode right now, focusing too much on today&#39;s data and not on tomorrow&#39;s implications. The U.S. election is coming up in a little over a month, a new earnings season is underway, and lots of economic data is pending for the Federal Reserve (the Fed) to consider further interest rate cuts before 2024 is over.
So far, the path is set for more rate cuts, with other countries starting to follow this same view, China being the latest to cut by 50 basis points last week. Some are still pointing to economic data like unemployment and contracting manufacturing PMI index readings for the past 22 months to quote a &lsquo;hard landing,&#39; but sticking to this view might keep these investors 100% bearish and potentially miss out on some of the potential rallies that can still be had.
One potential rally can be found in shares of Salesforce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>), especially now that Wall Street has reiterated a new boost on the stock&#39;s price target, pointing to further upside in the coming quarters. The reason behind the boost is exactly what retail investors should focus on in their portfolio strategy, and it has to do with the economy and business model for cloud businesses in the technology sector.
<h2>What If the Bears Are Right? What Happens to Salesforce Stock?</h2>
A bearish scenario for the S&amp;P 500 doesn&#39;t have to mean a bearish scenario for all stocks. If the bearish scenario plays out, unemployment might keep heading higher, and businesses will have to look for alternatives in hiring and managing their workforce today.
This is where Salesforce stock comes into play. As a cloud-based platform, Salesforce can streamline and improve most business processes in today&#39;s economy. This means cost savings and increased efficiency for its customers. So, if unemployment is on the rise in this bearish scenario, businesses can keep expensive employees on payroll or adjust for the slowdown by implementing technology.
Salesforce stock bulls can now understand where new demand will come from, but the rest of the business model is what will deliver the stability and predictability that helped Wall Street analysts land a higher price target. Cloud service businesses like Salesforce, Adobe Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>), and Workday Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) all operate under a subscription model, which can be critical during a hard landing.
Why? Subscriptions provide more predictable and stable cash flows for the companies that receive them, making projections and valuations easier to calculate despite any uncertainty and volatility in the overall market. That&#39;s for the bearish side, but what if the bulls are right and the market actually does well?
Salesforce also has a bullish scenario at play: Businesses need to use the platform to manage the higher business activity if the economy does manage to pull a &lsquo;soft landing&#39;. Whichever way investors look at Salesforce stock, there is a path for it to move higher, which is why Wall Street analysts felt comfortable boosting it.
<h2>Where Analysts See Salesforce Heading Next</h2>
The consensus price target for Salesforce stock is now set at $308 a share, which calls for a net 11.3% upside from where the stock trades today. Those at Wedbush stand out from the pack, with a recent price boost as recently as last week, setting the valuation up to $325 a share, calling for a much higher 17.5% net upside from today&#39;s price.
Wedbush is not alone, however, as analysts at Piper Sandler agreed on a $325 price target for Salesforce stock last week. This shows investors that the rest of Wall Street sentiment is now shifting to the bullish end for this company, and both economic scenarios seem to back the business model&#39;s predictability and stability for the future.
Even though Salesforce stock trades at 86% of its 52-week high today, there is still much more upside aside from current analyst upgrades. Compared to the rest of the computer sector, Salesforce offers a discount based on several valuation multiples.
On a price-to-earnings (P/E) basis, Salesforce trades at a 49.8x multiple. This current valuation places Salesforce at a 78.5% discount to the computer sector&#39;s average P/E valuation of 232.7x today, creating a path for a potential new 52-week high for Salesforce.
On a price-to-book (P/B) basis, Salesforce trades at a 4.6x valuation compared to the computer sector&#39;s valuation of 7.2x. This shows investors how Salesforce stock could have more room to move higher despite already trading near its 52-week high. The bullishness in the face of this discount didn&#39;t stop on Wall Street, however.
Those at Centaurus Financial decided to boost their holdings in Salesforce stock by 23.4% as recently as September 2024, bringing their net investment up to $3.2 million today. Even the Healthcare of Ontario Pension Plan doubled its holding in September, bringing its net allocation up to $48.1 million to show investors another bullish angle for Salesforce stock.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/salesforce-stock-gets-a-wall-street-boost-cloud-businesses-back/">Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?</a>&quot; first appeared on MarketBeat.

Earnings

Large Cap

ADBE

WDAY

Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?

Wedbush analyst Daniel Ives maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Outperform and raises the price target from $315 to $325.

Wedbush Maintains Outperform on Salesforce, Raises Price Target to $325

As Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) navigates a complex demand landscape, optimism is brewing for the <a href="https://www.benzinga.com/general/entertainment/24/09/41014793/salesforce-paid-john-mulaney-to-speak-at-its-event-then-he-roasted-the-entire-company-and-a">second half of 2024</a>.
JPMorgan analysts spoke to Salesforce partners, consultants and customers, and included feedback in a Wednesday research report.
"The first half was quite tough," remarked a partner from a Salesforce-focused consulting firm. He anticipates an upswing as pressure mounts for increased software spending, especially among retail companies.
Stakeholders are "fed up" with the dual mandate of cutting costs while driving sales, leading to a potential loosening of budget constraints amid fears of falling behind <a href="https://www.benzinga.com/topic/artificial-intelligence">in the AI race</a>.
<h2 class="wp-block-heading">Shorter-Term, Lower-Cost Projects Are Here To Stay</h2>
The trend towards shorter-term, lower-cost software projects is becoming permanent. Firms are breaking larger strategies into manageable pieces that demonstrate immediate ROI. 
"I think this may be a new way of buying that is here to stick around," the partner noted, reflecting a significant industry shift.
While he sees Salesforce maintaining 10% or greater growth for the next couple of years, there's an emphasis on the need for innovative products to sustain long-term expansion. "They are king of CRM,&#8221; the partner added, referring to the company&#8217;s customer relationship management platform. &#8220;But they need more than that at this point.&#8221;
Read Also: <a href="https://www.benzinga.com/insights/news/24/09/41034874/heres-how-much-you-would-have-made-owning-salesforce-stock-in-the-last-20-years">Here&#8217;s How Much You Would Have Made Owning Salesforce Stock In The Last 20 Years</a>
<h2 class="wp-block-heading">Salesforce Data Cloud Gains Momentum</h2>
Feedback surrounding Salesforce's Data Cloud is largely positive, with customers implementing it at scale. "I see momentum with Data Cloud in our business… feedback [from customers] is mostly positive," the partner shared, although he acknowledged the complexity of implementations poses challenges.
With a price target set at $310 for Salesforce stock, JPMorgan maintains an &#8216;Overweight&#8217; rating. 
As Salesforce pivots towards efficiency and profitability, its focus on generative AI capabilities may position it favorably for the future, even amidst current market headwinds.
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</ul>
Image: Shutterstock

Analyst Color

Salesforce Analyst Sees AI As A Tailwind, Stakeholders 'Fed Up' With Dual Mandate

Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) has outperformed the market over the past 20 years by 14.82% on an annualized basis producing an average annual return of 23.21%. Currently, Salesforce has a market capitalization of $262.43 billion. 
Buying $100 In CRM: If an investor had bought $100 of CRM stock 20 years ago, it would be worth $6,584.74 today based on a price of $274.51 for CRM at the time of writing.
<h3>Salesforce's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727296210_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Salesforce Stock In The Last 20 Years

Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) hired comedian John Mulaney to<a href="https://www.benzinga.com/topic/artificial-intelligence"> speak at its Dreamforce AI conference</a>. But, instead of light-hearted jokes and funny stories, Mulaney took the opportunity to roast the entire conference, AI as a whole and the ‘trailblazers' attending the event. The Dreamforce event, held in San Francisco, reportedly had more than 40,000 attendees. The lineup of speakers included Salesforce CEO Marc Benioff, NVIDIA CEO Jensen Huang, Olympian Simone Biles and more. But Mulaney, who spoke during the last day of the conference, seemed unimpressed by what he saw while attending. At one point, Mulaney told the crowd, &#8220;So many of you feel imminently replaceable,&#8221; according to the San Francisco Standard.<a href="https://sfstandard.com/2024/09/19/comedian-john-mulaney-brutally-roasts-sf-techies-and-ai-at-dreamforce/"> </a>Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know">NVIDIA, Salesforce Announce Strategic AI Collaboration: What To Know </a><a href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know"> </a>Mulaney took the opportunity to point out the irony of Silicon Valley entrepreneurs focusing on AI and the future in a city where thousands of humans struggle to live and maintain basic living conditions. &#8220;Let me get this straight,&#8221; Mulaney said. &#8220;You're hosting a ‘future of AI' event in a city that has failed humanity so miserably?&#8221; In addition to roasting the entire AI industry, Mulaney also poked fun at the vague corporate lingo often used at events like Dreamforce. &#8220;Some of the vaguest language ever devised has been used here in the last three days,&#8221; he said. &#8220;The fact that there are 45,000 ‘trailblazers' here couldn't devalue the title anymore.&#8221; Mulaney even compared the event attendees to himself and his son playing wiffle ball. &#8220;We're just two guys hitting wiffle balls badly and yelling ‘good job' at each other,&#8221; Mulaney said. &#8220;It's sort of the same energy here at Dreamforce.&#8221;
Keep Reading:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know">Meta&#8217;s AI Chatbot To Mimic Voices Of Celebrities Like Judi Dench And John Cena: Here&#8217;s What Mark Zuckerberg-Led Company Has Learned From OpenAI-Scarlett Johansson Fiasco</a></li>
</ul>
Photo: Kathy Hutchins/Shutterstock.com

Entertainment

General

Salesforce Paid John Mulaney To Speak At Its Event — Then He Roasted The Entire Company And Audience

Salesforce Signs Definitive Agreement To Acquire Zoomin; Deal Does Not Result In Any Change To Current Financial Guidance

Salesforce shares are trading higher after Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target to $325.

Piper Sandler analyst Brent Bracelin upgraded Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Neutral to Overweight and raised the <a target="_blank" href="https://www.benzinga.com/quote/CRM/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$268&nbsp;to&nbsp;$325</a>.
The re-rating reflects a favorable risk-reward given the potential for free cash flow per share to double to $20+ by fiscal 2029 (calendar 2028) from $9.65 in fiscal 2024 (calendar 2023), even if top-line growth remains at subdued levels of 8%-9%.
Bracelin flagged that Salesforce also has the lowest valuation multiple relative to large-cap software peers on an Enterprise Value-to-Sales, Enterprise Value-to-Free Cash Flow, and Price-to-Earnings basis.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know" rel="noreferrer noopener">NVIDIA, Salesforce Announce Strategic AI Collaboration: What To Know</a>
Discussions last week with the leadership team, partners, and customers gave the analyst confidence that new pricing and packaging could broaden multi-cloud adoption.
The promise of Agentforce powered by the Atlas Reasoning Engine paired with Data Cloud could help stabilize demand and drive a recovery entering calendar 2026 (fiscal 2027).
Bracelin raised estimates using a target EV/FCF of 23x (versus 22x prior) and a 14% discount rate (16% prior).
Bracelin noted that the combination of free multi-cloud options via the new Foundations suite for existing Sales or Service cloud customers and the 52% ARPU uplift to Einstein 1 versus Unlimited could be crucial in sparking a growth recovery from calendar 2025 (fiscal 2026) to calendar 2026 (fiscal 2027).
The analyst flagged that Salesforce has historically provided new platform updates three times per year. However, the pace of AI has changed this cadence, most notably within Data Cloud, where new platform updates are released monthly.
Salesforce chief Marc Benioff and team are operating in &#8220;founder mode&#8221; with the accelerated pace of internal product execution, supported by veteran boomerangs and new management add that bring strong backgrounds from Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Service, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), and more Bracelin highlighted.
Years of manual Trailblazer developer work building Flows and Apex Actions have turned into a strategic advantage, according to the analyst. He added that these can be repurposed to provide critical guard rails to power agents via the Atlas Reasoning Engine paired with Data Cloud.
Further margin leverage and buybacks could sustain low double-digit free cash flow growth per share for the next 3-5 years. CRM shares could benefit from earnings and multiple expansions, as per Bracelin.
Bracelin projects third-quarter revenue of $9.34 billion and EPS of $2.43.
Price Action: CRM stock is up 1.35% at $267.67 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40901921/salesforce-unveils-new-agentforce-partner-network-partners-with-google-cloud" target="_blank" rel="noreferrer noopener">Salesforce Unveils New Agentforce Partner Network, Partners With Google Cloud</a></li>
</ul>
Photo via Shutterstock

AMZN

GOOG

GOOGL

Salesforce's Free Cash Flow Could Double by 2029 Amid AI Push, Analyst Says While Upgrading Stock

In the latest quarter, 34 analysts provided ratings for Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">13</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Salesforce and provided 12-month price targets. The average target is $304.62, accompanied by a high estimate of $350.00 and a low estimate of $236.00. This upward trend is apparent, with the current average reflecting a 4.41% increase from the previous average price target of $291.76.
<img src="https://www.benzinga.com/files/images/story/2024/1727179221_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of Salesforce by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$325.00</td>
<td>$268.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$345.00</td>
<td>$345.00</td>
</tr>
<tr>
<td>Terry Tillman</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$315.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Yun Kim</td>
<td>Loop Capital</td>
<td>Maintains</td>
<td>Hold</td>
<td>$270.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$325.00</td>
<td>$325.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$345.00</td>
<td>$345.00</td>
</tr>
<tr>
<td>Ambrish Shah</td>
<td>Phillip Securities</td>
<td>Announces</td>
<td>Accumulate</td>
<td>$305.00</td>
<td>-</td>
</tr>
<tr>
<td>Terry Tillman</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$300.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Mark Moerdler</td>
<td>Bernstein</td>
<td>Raises</td>
<td>Outperform</td>
<td>$236.00</td>
<td>$234.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$315.00</td>
<td>$315.00</td>
</tr>
<tr>
<td>J. Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$290.00</td>
<td>$285.00</td>
</tr>
<tr>
<td>Richard Baldry</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$335.00</td>
<td>$335.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$315.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Gil Luria</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$250.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Parker Lane</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$320.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$305.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$268.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Mark Murphy</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$310.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Brian Peterson</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$350.00</td>
<td>$325.00</td>
</tr>
<tr>
<td>Brian Schwartz</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$330.00</td>
<td>$320.00</td>
</tr>
<tr>
<td>Karl Keirstead</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$275.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$275.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$325.00</td>
<td>$316.00</td>
</tr>
<tr>
<td>Yun Kim</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$270.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Rob Oliver</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$315.00</td>
<td>$295.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$345.00</td>
<td>$345.00</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$342.00</td>
<td>$342.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$290.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$316.00</td>
<td>$288.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$250.00</td>
<td>$250.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Salesforce. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Salesforce compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Salesforce's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Salesforce's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CRM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Salesforce analyst ratings.</a>
<h2>Get to Know Salesforce Better</h2>
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
<h3>Financial Insights: Salesforce</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Salesforce displayed positive results in 3 months. As of 31 July, 2024, the company achieved a solid revenue growth rate of approximately 8.39%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Salesforce's net margin is impressive, surpassing industry averages. With a net margin of 15.32%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.44%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.52%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.2.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Salesforce Analyst Ratings: What You Need To Know

Piper Sandler analyst Brent Bracelin upgrades Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Neutral to Overweight and raises the price target from $268 to $325.

Piper Sandler Upgrades Salesforce to Overweight, Raises Price Target to $325

Investors with a lot of money to spend have taken a bearish stance on Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 14 uncommon options trades for Salesforce.
This isn't normal.
The overall sentiment of these big-money traders is split between 28% bullish and 64%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $852,420, and 10 are calls, for a total amount of $769,764.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $210.0 to $280.0 for Salesforce over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Salesforce's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Salesforce's significant trades, within a strike price range of $210.0 to $280.0, over the past month.
<h3>Salesforce Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726846237_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$35.3</td>
<td>$33.3</td>
<td>$35.0</td>
<td>$270.00</td>
<td>$700.0K</td>
<td>512</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.35</td>
<td>$270.00</td>
<td>$143.0K</td>
<td>2.4K</td>
<td style="text-align: right;">289</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$56.0</td>
<td>$54.9</td>
<td>$55.0</td>
<td>$210.00</td>
<td>$110.0K</td>
<td>72</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$9.45</td>
<td>$9.3</td>
<td>$9.3</td>
<td>$270.00</td>
<td>$109.7K</td>
<td>2.4K</td>
<td style="text-align: right;">136</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.4</td>
<td>$270.00</td>
<td>$101.5K</td>
<td>2.4K</td>
<td style="text-align: right;">398</td>
</tr>
</tbody>
</table>

<h3>About Salesforce</h3>
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
In light of the recent options history for Salesforce, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Salesforce</h3>
<ul>
<li>With a volume of 2,985,761, the price of CRM is down -1.57% at $261.81. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 68 days.</li>
</ul>
<h3>What The Experts Say On Salesforce</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $287.6.
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&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Salesforce with a target price of $275. 
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&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Salesforce, targeting a price of $305. 
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on Salesforce, maintaining a target price of $300. 
&#x2A; An analyst from TD Cowen persists with their Hold rating on Salesforce, maintaining a target price of $290. 
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As businesses increasingly shift to the cloud, the future looks bright for cloud computing stocks. Therefore, investors consider buying the shares of fundamentally sound stocks like Salesforce (CRM), Open Text Corp. (OTEX), and Docebo (DCBO), which are poised for long-term growth. Keep reading… The cloud computing sector has been at the forefront of technological advancements within the software application industry. Businesses are increasingly shifting to the cloud to improve scalability, security, and cost-efficiency, which has propelled exponential growth in the cloud computing space.
As innovation continues to unfold, it presents promising opportunities for investors to tap into this momentum. Companies like Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>), Open Text Corporation (<a href="https://stocknews.com/stock/OTEX/">OTEX</a>), and Docebo Inc. (<a href="https://stocknews.com/stock/DCBO/">DCBO</a>) are well-positioned for long-term growth, making them attractive options for those looking to capitalize on this booming sector.
Cloud computing is also central to AI, machine learning, and big data analytics advancements, positioning the industry for explosive long-term growth. With businesses moving towards digital-first operations, the future of cloud computing stocks looks brighter than ever. The cloud computing market is projected to reach $2.29 trillion by 2032, exhibiting a <a href="https://www.fortunebusinessinsights.com/cloud-computing-market-102697">CAGR of 16.5%</a>. 
Moreover, cloud adoption has become the norm for businesses across industries, with <a href="https://www.cloudzero.com/blog/cloud-computing-statistics/#:~:text=More%20than%2090,infrastructure%20(cloud%20repatriation).">more than 90% of organizations</a> now using cloud services to improve efficiency and innovation. As cloud-based solutions continue to evolve, the growth potential for cloud computing stocks remains strong.
Now, let's examine the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry stocks in detail, beginning with the third choice:
Stock #3: Open Text Corporation (<a href="https://stocknews.com/stock/OTEX/">OTEX</a>)
Headquartered in Waterloo, Canada, OTEX provides information management products and services. It provides software solutions and content services, including content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving.
On September 5, OTEX announced a partnership with Nippon Gases Deutschland, the German business unit of Nippon Sanso Holdings Corporation (NSHD). This partnership enables Nippon to effectively manage the complexities of evolving e-invoicing mandates in Germany through OTEX's advanced cloud-based solutions.
On August 19, Serica Energy, a British independent oil and gas company, announced a partnership with OTEX. Through this collaboration, Serica Energy will leverage OTEX's solutions to streamline engineering information and accelerate time to completion while reducing risk across the lifecycle of projects and operations. Additionally, OTEX will help Serica eliminate limitations on document management and enhance overall operational performance.
Such collaborations reflect the growing demand for OTEX's products and services across various sectors over its peers.
For the fourth quarter of 2024, which ended on June 30, OTEX's total revenues stood at $1.36 billion, while its Cloud services and subscriptions segment reported a total revenue of $464.90 million, up 2.9% year-over-year. Its operating income stood at $193.26 million, indicating a 59.4% growth from the prior-year quarter period.
Its attributable net income came in at $248.23 million compared to the prior-year quarter's net loss of $48.73 million, while its non-GAAP EPS stood at $0.98, up 7.7% year-over-year. Also, the company's free cash flow grew 59.2% from the year-ago value to $145.24 million.
Analysts expect OTEX's revenue and EPS for the current year (ending June 2025) to be $5.34 billion and $3.60, respectively. For the fiscal year 2026, both its revenue and EPS are expected to grow by 2.7% and 16.8% from the prior year to $5.48 billion and $4.21, respectively.
OTEX's revenue has grown at CAGRs of 19.4% and 15% over the past three and five years, respectively. Likewise, the company's net income and total assets have increased at a CAGR of 14.4% and 13.9%, respectively, over the past three years.
OTEX shares have surged 10.9% over the past three months to close the last trading session at $33.01.
OTEX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
OTEX has an A grade for Value. It is ranked #16 out of 129 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry. <a href="https://stocknews.com/stock/OTEX/">Click here</a> to see the additional ratings for OTEX (Growth, Momentum, Stability, Sentiment, and Quality).
Stock #2: Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>)
CRM provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. It supports third-party development and offers global sales, service, and subscription services, enabling data storage, lead tracking, and issue resolution.
On September 17, CRM announced a strategic collaboration with NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) to develop and co-innovate advanced AI capabilities and interactive avatar experiences within their platforms, CRM's Agentforce and NVDA's AI platform. This collaboration will enable new insights and improved productivity across the sales, service, marketing, and IT teams.
On the same day, CRM and Google Cloud announced the extension of their partnership to create Salesforce Agentforce Agents that will allow people to collaborate securely across Salesforce Customer 360 and Google Workspace apps. The partnership will help create the first agent ecosystem, delivering a fully AI-infused productivity suite.
In the fiscal 2025 second quarter that ended on July 31, 2024, CRM's total revenue increased 8.4% year-over-year to $9.33 billion. The company reported non-GAAP income from operations of $3.14 billion, indicating a 15.5% growth from the prior year quarter with a non-GAAP operating margin of 33.7% (up 210 bps year-over-year). Its free cash flow increased 20.2% year-over-year to $755 million.
CRM's non-GAAP net income came in at $2.49 million, up 19.1% year-over-year, while its non-GAAP net income per share grew 20.8% from the year-ago value to $2.56.
For the fiscal year 2025, the company's non-GAAP operating margin is projected to be 32.8%, with EPS anticipated to fall between $6.05 and $6.13. On a consolidated adjusted basis, its non-GAAP EPS is expected to range from $10.03 to $10.11. CRM expects total revenue to range between $37.7 billion and $38 billion, representing a growth of 8%-9%.
Street expects CRM's revenue for the fiscal third quarter (ending October 2024) to increase 7.2% year-over-year to $9.35 billion. Its EPS for the same period is expected to register a 16% growth from the prior year, settling at $2.45. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is promising.
Over the past three and five years, CRM's net income grew at CAGRs of 33.8% and 42.8%, respectively, while its revenue grew at CAGR of 15.7% over the past three years and CAGR of 19.9% over the past five years.
Shares of CRM have gained 32.8% over the past year to close the last trading session at $274.09.
It's no surprise that CRM has an overall rating of B, equating to a Buy in our POWR Ratings system. It has an A grade for Sentiment and a B for Quality. Out of 129 stocks in the same industry, CRM is ranked #15.
Beyond what is stated above, we've also rated CRM for Growth, Value, Momentum, and Stability. Get all CRM ratings <a href="https://stocknews.com/stock/CRM/">here</a>.
Stock #1: Docebo Inc. (<a href="https://stocknews.com/stock/DCBO/">DCBO</a>)
Based in Toronto, Canada, DCBO operates as a learning management software company that provides an internationally powered learning platform for artificial intelligence (AI). It provides a Learning Management System (LMS) to train internal and external workforces, partners, and customers.
DCBO's net revenue for the second quarter (ended June 30, 2024) increased 21.7% year-over-year to $53.05 million. Further, its gross profit grew 21.6% from the prior year's quarter to $42.80 million. The company's operating income amounted to $4.52 million compared to an operating loss of $7.52 million in 2023.
In addition, its adjusted EBITDA rose 160.4% from the year-ago value to $7.95 million. DCBO's adjusted net income for the quarter amounted to $7.93 million or $0.26 per share, reflecting an increase of 69.5% and 85.7%, respectively, from the same period last year.
The consensus revenue estimate of $54.13 million for the fiscal third quarter (ending September 2024) represents a 16.4% increase year-over-year. The consensus EPS estimate of $0.25 for the same quarter indicates a 67.6% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Moreover, DCBO's revenue has grown at CAGRs of 34.5% and 42.9% over the past three and five years, respectively. In addition, its total assets increased at 53.3% CAGR over the past five years.
Over the past three months, the stock has surged 17.6%, closing the last trading session at $44.71.
DCBO's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Sentiment and Quality and a B for Growth. Within the same industry, it is ranked #13. <a href="https://stocknews.com/stock/DCBO/">Click here</a> to see DCBO's ratings for Value, Momentum, and Stability.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
CRM shares were trading at $275.33 per share on Thursday afternoon, up $1.24 (+0.45%). Year-to-date, CRM has gained 5.10%, versus a 21.52% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/crm-otex-dcbo-nvda-3-cloud-computing-stocks-for-explosive-long-term-growth/>3 Cloud Computing Stocks for Explosive Long-Term Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cloud Computing Stocks for Explosive Long-Term Growth

The cloud software industry is evolving rapidly due to the significant adoption of cloud solutions across various industries to support digital transformation initiatives. So, let's analyze Salesforce (CRM) and ServiceNow (NOW) to determine which cloud software stock holds more potential. Read more... The rising global demand for cloud computing is fueled by the advancement of emerging technologies like big data, Artificial Intelligence (AI), and Machine Learning (ML).
Additionally, the increasing emphasis on customer-centric applications aimed at improving consumer satisfaction is further driving the adoption of these technologies. The cloud computing market is estimated to grow at a <a href="https://www.mordorintelligence.com/industry-reports/cloud-computing-market">CAGR of 16.4%</a> by 2029.
According to the latest update to the International Data Corporation (IDC) Worldwide Software and Public Cloud Services Spending Guide, worldwide spending on public cloud services is forecast to reach <a href="https://www.idc.com/getdoc.jsp?containerId=prUS52460024">$805 billion in 2024</a> and double in size by 2028.
Against this backdrop, let's compare two cloud stocks, Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>) and ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>), to analyze which cloud software stock holds more potential.
The Case for Salesforce, Inc.
Valued at $258.54 billion by market cap, Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>) provides Customer Relationship Management technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.
On September 17, 2024, CRM and NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) announced a strategic collaboration to develop advanced AI capabilities for the enterprise with autonomous agent and interactive avatar experiences.
The companies would work together to deliver optimized predictive and generative AI workflows by bringing together the NVIDIA AI platform, which includes accelerated computing and AI software, with the CRM Platform and Agentforce.
With this collaboration, Agentforce agents would enable new insights and improved productivity across the sales, service, marketing, and IT teams that rely on the industry-leading Salesforce CRM as the one place for all their customer data.
On September 5, CRM announced its acquisition of Own Company, a leading provider of data protection and data management solutions, for $1.90 billion in cash. This acquisition is set to enhance CRM's ability to offer customers robust data protection and management solutions.
CRM's stock has gained 1.5% over the past nine months to close the last trading session at $270.44. Over the past month, the stock has surged 2.4%.
CRM's trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> of 76.35% is 53.6% higher than the industry average of 49.71%. Further, its trailing-12-month EBIT margin of 19.06% is 292.1% higher than the industry averages of 4.86%.
In the fiscal 2025 second quarter that ended on July 31, 2024, CRM's total revenue increased 8.4% year-over-year to $9.33 billion. The company reported non-GAAP income from operations of $3.14 billion, indicating a 15.5% growth from the prior year quarter with a non-GAAP operating margin of 33.7% (up 210 bps year-over-year). Its free cash flow increased 20.2% year-over-year to $755 million.
CRM's non-GAAP net income came in at $2.49 million, up 19.1% year-over-year, while its non-GAAP net income per share grew 20.8% from the year-ago value to $2.56.
Street expects CRM's revenue for the fiscal fourth quarter (ending October 2024) to increase 7.2% year-over-year to $9.35 billion. Its EPS for the same period is expected to register a 16% growth from the prior year, settling at $2.45. In addition, it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is promising.
CRM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CRM has a B grade for Sentiment and Quality. It is ranked #15 out of 129 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry.
<a href="https://stocknews.com/stock/CRM/">Click here</a> for the additional POWR Ratings for CRM (Value, Growth, Stability, and Momentum).
The Case for ServiceNow, Inc.
Valued at $190.13 billion by market cap, ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>) provides end-to-end intelligent workflow automation platform solutions for digital businesses in North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.
NOW's stock has gained 23.3% over the past three months and 32.4% over the past nine months to close the last trading session at $923.60.
On September 10, 2024, NOW announced the integration of Agentic AI into its platform to enhance 24/7 productivity across IT, customer service, HR, and more. The new AI agents will use advanced reasoning for deep contextual understanding, while the NOW's Assist Skill Kit will allow organizations to build and deploy custom GenAI skills.
On July 24, 2024, NOW and Boomi announced a partnership to enhance customer experiences through AI-driven self-service solutions. Boomi will use NOW's platform to streamline support and self-service, while ServiceNow will integrate Boomi's API Management capabilities for better API visibility and governance.
NOW's trailing-12-month EBIT and EBITDA margin of 10.78% and 16.46% are 121.7% and 61.7% higher than the industry averages of 4.86% and 10.19%, respectively. However, the stock's trailing-12-month asset turnover ratio of 0.60x is 3.3% lower than the industry average of 0.62x.
During the second quarter ended June 30, 2024, NOW's non-GAAP total revenues rose 22.5% year-over-year to $2.64 billion. Its non-GAAP gross profit rose 23.1% from the year-ago quarter to $2.17 billion. Its non-GAAP net income rose 34% year-over-year to $651 million. Also, the company's non-GAAP earnings per share came in at $3.13, representing an increase of 32.1% year-over-year.
Analysts expect NOW's EPS for the quarter ending September 30, 2024, to increase 18.2% year-over-year to $3.45. Its revenue for the same quarter is expected to grow 20% year-over-year to $2.75 billion. It surpassed the consensus EPS estimates in each of the trailing four quarters.
NOW's fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to a Neutral in our proprietary rating system.
The stock has a C grade for Momentum and Stability. NOW is ranked #15 out of 39 stocks in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
In addition to the POWR Ratings I've just highlighted, you can see NOW's ratings for Value, Growth, Sentiment, and Quality <a href="https://stocknews.com/stock/NOW/">here</a>.
Salesforce (CRM) vs. ServiceNow (NOW): Which Cloud Software Stock Holds More Potential?
Cloud computing has completely changed the software business driving its growth by providing scalable and affordable infrastructure. Businesses are increasingly leveraging cloud solutions to enhance efficiency and reduce costs, leading to higher demand for cloud-based services. Both CRM and NOW stand to capitalize on these burgeoning industry trends.
However, CRM's higher profitability, and strong financials favor it as the better cloud software stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Software - Application industry <a href="https://stocknews.com/category/software-application/">here</a> and the Software - Business industry <a href="https://stocknews.com/category/software-business/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
CRM shares were trading at $273.37 per share on Wednesday afternoon, up $2.93 (+1.08%). Year-to-date, CRM has gained 4.35%, versus a 21.02% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/crm-now-nvda-salesforce-crm-vs-servicenow-now-which-cloud-software-stock-holds/>Salesforce (CRM) vs. ServiceNow (NOW): Which Cloud Software Stock Holds More Potential?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Salesforce (CRM) vs. ServiceNow (NOW): Which Cloud Software Stock Holds More Potential?

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