Big bank earnings impressed, with WFC, MS, C, and BAC posting strong results, while regional banks like ZION and WAL faced notable setbacks. AI enthusiasm is spreading beyond core tech, boosting stocks like WMT and CAT, but valuation concerns and bubble fears persist.
Salesforce is undervalued compared to AI leaders like MSFT and NVDA, with shares down ~25% year-to-date. CRM recently set a new FY30 revenue target of $60+ billion, implying a 10% organic CAGR from FY26-FY30. New AI-driven products and strong bookings growth are expected to drive future revenue acceleration for CRM.
Salesforce is facing tough competition from AI-first companies, but its shares now trade at historically pessimistic valuations. I'm surprised it's still so cheap. Dreamforce Investor Day 10% didn't provide the magical numbers. But, a 10% CAGR through 2030 downplays the structural disruption skepticism. Salesforce is focused on maintaining profitable growth, as compared to the growth at all cos...
It has been a while since Salesforce Inc (NYSE:CRM, ETR:FOO), the US software group best known for its customer management tools, had investors properly excited. But Goldman Sachs thinks that may be about to change.
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