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Salesforce Inc. helped usher in the software-as-a-service and cloud eras. Can it pull off a trifecta with generative AI?
Salesforce Valuation Update: Fair price at $305, slightly below current $306.08, indicating a hold rating with limited upside. Growth Plans and Market Position: Targeting $50B revenue by 2026, holds 12.3% market share in $282.20B SaaS market. Industry Outlook and Addressable Market: SaaS market expected to grow at 7.33% CAGR, Salesforce's addressable market to reach $952.56B by 2029.
Not all Magnificent Seven stocks have been pulling their fair share of the weight this year. Undoubtedly, the artificial intelligence (AI) boom may still be in its early stages.
Investor interest in generative AI has been unmatched recently. And companies that engage in innovation in artificial intelligence ( AI ) technology and other cloud-based services have exploded.
Clara Shih, CEO of Salesforce AI, joins TechCheck's Deirdre Bosa to discuss the importance of data privacy and trust when building AI, tech layoffs and the efficiency drive, how AI can upskill workers, Salesforce's venture investments in the space, and more.
My Top-5 Disruptive AI Stock Picks For Intelligent Investing
Salesforce is focusing on its margins and EPS as its sales growth cools off. Veeva expects its growth to accelerate again as the headwinds dissipate.
Recently, Zacks.com users have been paying close attention to Salesforce.com (CRM). This makes it worthwhile to examine what the stock has in store.
Salesforce's sales growth has decelerated over the past few years. It's cutting costs and buying back more shares to boost its EPS.
The stock market has been performing very well recently, with the impressive growth of the S&P 500 Index, which has surged by 15% just within the last six months. It's bolstered by the boom in artificial intelligence ( AI ) and similar technology, reduced inflation and hopes of interest rate cuts during 2024.