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Stock Pick

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"Wall Street's Top Software Picks: Morgan Stanley's Bullish Outlook on Salesforce (CRM)"
financestock-market2 years ago

"Wall Street's Top Software Picks: Morgan Stanley's Bullish Outlook on Salesforce (CRM)"

Morgan Stanley's analyst Keith Weiss has reiterated Salesforce Inc. as his top software pick, projecting a 25% upside potential, driven by a rosier view of the company's long-term revenue-growth potential and standing in artificial intelligence. Weiss highlighted the potential for Wall Street sentiment shifts to drive Salesforce's multiple back in line with peers and noted the stock's strong support based on company fundamentals. He maintains an outperform rating with a $350 target price.