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Goldman Sachs Bullish on Salesforce (CRM): Upgrades to Buy Rating Amid Cloud Dominance
Goldman Sachs Bullish on Salesforce (CRM): Upgrades to Buy Rating Amid Cloud Dominance
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Wall Street's golden child just doubled down on SaaS.
Goldman Sachs slapped a buy rating on Salesforce (CRM) today, betting big on its cloud empire—while the rest of finance scrambles to explain last quarter's 'AI tax write-offs.'
Here's why the Street's buzzing:
-
CRM's moat
: 20% revenue growth in enterprise SaaS isn't just monopoly money... until the FTC starts sniffing around.
-
Goldman's calculus
: When a stock's already up 30% YTD, you either call the top or ride the FOMO. They chose door #2.
One analyst muttered post-announcement: 'This upgrade either validates their AI pipeline... or proves investment bankers still get commission on trades.'
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