Stocks
Salesforce Poised for Upsurge as Undervalued Leader in AI Software Market
Salesforce (CRM) is undervalued compared to its peers Microsoft and ServiceNow, according to analysts at 24/7 Wall St.
The company trades at a multiple of just 14x forward earnings, despite delivering strong growth in Agentforce and Data Cloud ARR, which surged by 210% YoY to nearly $3.9B.
While Microsoft and ServiceNow trade at multiples of 25x and 28x respectively, Salesforce would still be undervalued even if it reached the analysts' price target of $348.23.