Salesforce Poised for Growth as AI Party Stock for 2025 After Palantir's Success
Salesforce Emerges as Next Big Stock in AI After Palantir's Breakthrough
Following Palantir’s (NASDAQ: PLTR) impressive traction in finance through its advances in AI software, Wedbush Securities analyst Dan Ives has spotlighted Salesforce (CRM) as a stock not to be overlooked.
Palantir's Stellar Performance
- Palantir reached a record high share price of $71.24, showing a 327% increase this year.
- The company gained momentum after receiving authorization under the Federal Risk and Authorization Management Program (FedRAMP).
Salesforce and the AI Landscape in 2025
Ives forecasts that 2025 will witness a surge in technological firms embracing AI, creating a significant opportunity for Salesforce. He remarked that software use cases will accelerate, and noted that Salesforce is pivotal in leveraging this potential.
Salesforce's Recent Growth Insights
- Currently trading at $358, Salesforce has witnessed bullish sentiment post its recent optimistic forecasts.
- Despite adjusted earnings falling slightly short, revenue surged to $9.44 billion, outperforming expectations.
As Salesforce integrates innovative AI solutions, including its Financial Services Cloud for Insurance Brokerages, it solidifies its place at the forefront of AI in finance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.