Salesforce Shares Surge 23%. This Is Why the Stock Looks Like It Has a Lot More Upside Ahead.
Salesforce stock remains cheap even after its big jump.
Overview
Salesforce (NYSE: CRM) shares surged 22.6% on Aug. 27 after the company reported solid fiscal Q2 results and issued upbeat guidance, driven by strong momentum from its agentic AI platform Agentforce, Data 360, and Slack.
However, the software-as-a-service (SaaS) stock is still down year to date and could have plenty of potential upside ahead, as it starts to dispel the narrative that AI will displace the software layer, and the stock remains cheap.
Details
Let's take a closer look at its results and prospects and why the stock still looks like a buy.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.