Salesforce Named #1 Enterprise Software Stock for 2025 by, Driven by AI Growth
Raymond James ranks Salesforce (CRM) as the top enterprise software stock for 2025, citing strong subscription growth and leadership in AI-driven solutions. Learn more about their AI strategy and market outlook.
Salesforce Named #1 Enterprise Software Stock for 2025 by, Driven by AI Growth
In a new report, Raymond James has named Salesforce (NYSE: CRM) the top enterprise software stock for 2025, citing the company’s strong subscription growth and leadership in the multi-cloud transformation space.
The investment firm highlighted Salesforce’s expected 10% growth in subscription revenue, projecting a $30 billion revenue base. This strong financial outlook, alongside its ability to innovate with generative AI solutions, solidified Salesforce's position at the forefront of the sector. The company’s AI-driven advancements were noted in comparison to other software leaders, including HubSpot, ZoomInfo, and Intapp.
Raymond James also adjusted its ratings for several other software companies. RingCentral (NYSE: RNG) was downgraded from Strong Buy to Outperform, with a $45 price target. Similarly, Intapp (NASDAQ: INTA) and Vertex (NASDAQ: VERX) saw their ratings lowered to Market Perform from Outperform. On a more positive note, Workiva (NYSE: WK) was upgraded to Outperform from Market Perform, with a price target of $135.
The analysts emphasized that the AI landscape is rapidly evolving, particularly with a shift toward monetizable generative AI solutions focused on "copilot-oriented" applications. Raymond James expressed confidence in Salesforce’s ability to maintain its leadership in this dynamic environment.
This article first appeared on GuruFocus.
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