Dernières nouvelles pour Salesforce (NYSE:CRM) Stock

Salesforce

Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

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SALESFORCE ORD

Salesforce's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) short percent of float has risen 17.83% since its last report. The company recently reported that it has 14.13 million shares sold short, which is 1.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.86 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Salesforce Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728403222_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Salesforce has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Salesforce's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Salesforce's peer group average for short interest as a percentage of float is 3.10%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Salesforce's Recent Short Interest

News

Russia's Communications Regulator Bans Instant Messaging Platform Discord

Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) has outperformed the market over the past 10 years by 6.66% on an annualized basis producing an average annual return of 18.36%. Currently, Salesforce has a market capitalization of $272.05 billion. 
Buying $1000 In CRM: If an investor had bought $1000 of CRM stock 10 years ago, it would be worth $5,346.05 today based on a price of $284.57 for CRM at the time of writing.
<h3>Salesforce's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728336613_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Salesforce 10 Years Ago Would Be Worth Today

Investors with a lot of money to spend have taken a bearish stance on Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 17 uncommon options trades for Salesforce.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 52%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $204,941, and 14 are calls, for a total amount of $681,129.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $330.0 for Salesforce during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Salesforce's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Salesforce's substantial trades, within a strike price spectrum from $240.0 to $330.0 over the preceding 30 days.
<h3>Salesforce Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728320443_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.9</td>
<td>$6.85</td>
<td>$6.85</td>
<td>$280.00</td>
<td>$123.9K</td>
<td>753</td>
<td style="text-align: right;">258</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$43.25</td>
<td>$42.8</td>
<td>$42.91</td>
<td>$250.00</td>
<td>$107.2K</td>
<td>740</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$3.9</td>
<td>$3.25</td>
<td>$3.25</td>
<td>$305.00</td>
<td>$96.8K</td>
<td>10</td>
<td style="text-align: right;">405</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$37.55</td>
<td>$37.35</td>
<td>$37.55</td>
<td>$260.00</td>
<td>$75.1K</td>
<td>2.1K</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$53.5</td>
<td>$53.45</td>
<td>$53.5</td>
<td>$240.00</td>
<td>$53.5K</td>
<td>1.6K</td>
<td style="text-align: right;">13</td>
</tr>
</tbody>
</table>

<h3>About Salesforce</h3>
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
Following our analysis of the options activities associated with Salesforce, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Salesforce</h3>
<ul>
<li>With a trading volume of 1,761,496, the price of CRM is down by -0.59%, reaching $286.05.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 51 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Salesforce</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $322.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from RBC Capital downgraded its action to Outperform with a price target of $300. 
&#x2A; An analyst from Truist Securities downgraded its action to Buy with a price target of $315. 
&#x2A; An analyst from Piper Sandler has elevated its stance to Overweight, setting a new price target at $325. 
&#x2A; Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Salesforce with a target price of $325. 
&#x2A; Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $345.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Salesforce options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

A Closer Look at Salesforce's Options Market Dynamics

Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) may have been a hero in the COVID-19 vaccine race, but its stock is stuck in the slow lane. Down nearly 14% over the last year, the pharma giant's shares have struggled as demand for its pandemic-related treatments <a href="https://www.benzinga.com/quote/PFE/news">has fizzled out</a>.
But things could get interesting—activist investor Starboard Value just acquired a $1 billion stake in the company.
Could this signal a turning point for the pharma giant?
<h2 class="wp-block-heading">Starboard To The Rescue?</h2>
Starboard Value, led by Jeff Smith, isn't shy about shaking things up. The fund has taken a front-row seat in Pfizer's boardroom drama, enlisting ex-Pfizer heavyweights Ian Read and Frank D'Amelio to help revitalize the company's sagging fortunes. 
Starboard is no stranger to taking control and pushing for value, having previously pressured giants like Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Bristol-Myers Squibb Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>).
Pfizer's stock performance has been far from thrilling this year, with shares down 3.87% year-to-date. 
In contrast, the S&amp;P 500 has surged over 21%, making Pfizer look like the laggard of the pack. Starboard's involvement might be the catalyst Pfizer needs, but investors should be cautiously optimistic.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41112790/pfizer-divests-3-3b-stake-in-sensodyne-toothpaste-and-panadol-painkiller-maker-haleon">Pfizer Divests $3.3B Stake In Sensodyne Toothpaste And Panadol Painkiller Maker Haleon</a>
<h2 class="wp-block-heading">The Charts Say It's Bearish—For Now</h2>
Pfizer's stock charts aren&#8217;t painting a rosy picture. The stock is sitting below its five-, 20- and 50-day exponential moving averages (EMAs), signaling a strong bearish trend.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07070043/Screenshot-2024-10-07-at-4.15.52-PM.png" alt="" class="wp-image-583111" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07070043/Screenshot-2024-10-07-at-4.15.52-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07070043/Screenshot-2024-10-07-at-4.15.52-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The eight-day simple moving average (SMA) is $28.72, while the stock lingers at $28.58—a clear bearish signal.
The 200-day SMA, however, tells a slightly different story, coming in at $28.17. With Pfizer's share price slightly above that long-term average, there's a glimmer of hope for a bullish reversal.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07070043/Screenshot-2024-10-07-at-4.15.11-PM.png" alt="" class="wp-image-583112" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07070043/Screenshot-2024-10-07-at-4.15.11-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07070043/Screenshot-2024-10-07-at-4.15.11-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Pfizer stock&#8217;s Moving Average Convergence/Divergence (MACD) is negative 0.14, reinforcing the bearish momentum.
However, its Relative Strength Index (RSI) stands at 42.63, suggesting that while the stock has faced selling pressure, it hasn't yet reached oversold conditions. Unless momentum shifts further downward, a rush of buyers may remain uncertain.
<h2 class="wp-block-heading">What's The Buzz With Starboard?</h2>
Starboard's game plan could be just what Pfizer needs to turn the tide. With Pfizer's COVID-19 products no longer dominating, the company has shifted its focus toward oncology, betting big on cancer treatments. Pfizer spent $43 billion on the cancer drugmaker Seagen, banking on its pipeline to generate blockbuster medicines.
Yet, the market remains skeptical. The big question: Can Pfizer replicate its COVID-19 mRNA success in the battle against cancer? Only time will tell. For now, the company&#8217;s oncology efforts are more of a long-term bet than an immediate fix.
<h2 class="wp-block-heading">Waiting For A Turnaround</h2>
Technically, Pfizer is in bearish territory, but with Starboard&#8217;s recent move and a strategy shift towards oncology, the stock could be gearing up for a turnaround. Investors should keep a close eye on the $1 billion infusion from Starboard and whether their playbook sparks bullish momentum. F
or now, the stock remains under pressure, but a rebound might be lurking on the horizon.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41203264/wall-street-set-to-start-new-week-sharply-lower-as-traders-brace-for-key-economic-data-and-fed-minu">Wall Street Set To Start New Week Sharply Lower As Traders Brace For Key Economic Data And Fed Minutes: Why Strategist Sees Market Consolidating In Near Term</a></li>
</ul>
Photo: Shutterstock

Biotech

Health Care

Technicals

General

Pfizer Stock Slump: Will Starboard's Billion-Dollar Bet Spark Rebound?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$124.00</td>
<td>$28.7K</td>
<td>53.1K</td>
<td>176.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$167.50</td>
<td>$62.7K</td>
<td>870</td>
<td>14.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$227.50</td>
<td>$65.5K</td>
<td>7.4K</td>
<td>14.9K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$180.00</td>
<td>$45.5K</td>
<td>1.7K</td>
<td>8.4K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$285.00</td>
<td>$60.4K</td>
<td>392</td>
<td>3.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$175.00</td>
<td>$492.8K</td>
<td>7.1K</td>
<td>2.7K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$400.00</td>
<td>$95.1K</td>
<td>7.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$26.0K</td>
<td>6.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$155.00</td>
<td>$36.7K</td>
<td>810</td>
<td>867</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$29.4K</td>
<td>22.1K</td>
<td>122</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 728 contract(s) at a $124.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $39.0 per contract. There were 53143 open contracts at this strike prior to today, and today 176644 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 172 contract(s) at a $167.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $62.7K, with a price of $365.0 per contract. There were 870 open contracts at this strike prior to today, and today 14927 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 397 contract(s) at a $227.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $65.5K, with a price of $165.0 per contract. There were 7402 open contracts at this strike prior to today, and today 14915 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on October 11, 2024. This event was a transfer of 100 contract(s) at a $180.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.5K, with a price of $455.0 per contract. There were 1702 open contracts at this strike prior to today, and today 8454 contract(s) were bought and sold. 
• Regarding CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 87 contract(s) at a $285.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $60.4K, with a price of $695.0 per contract. There were 392 open contracts at this strike prior to today, and today 3401 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 896 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $492.8K, with a price of $550.0 per contract. There were 7169 open contracts at this strike prior to today, and today 2739 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a put option sweep with bearish sentiment. It expires in 42 day(s) on November 15, 2024. Parties traded 122 contract(s) at a $400.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $95.1K, with a price of $780.0 per contract. There were 7837 open contracts at this strike prior to today, and today 1670 contract(s) were bought and sold. 
• For DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 6057 open contracts at this strike prior to today, and today 1394 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a put option trade that happens to be bearish, expiring in 140 day(s) on February 21, 2025. This event was a transfer of 35 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $36.7K, with a price of $1050.0 per contract. There were 810 open contracts at this strike prior to today, and today 867 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option trade with bearish sentiment. It expires in 105 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $735.0 per contract. There were 22162 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AVGO

DOCN

MARA

MSFT

MSTR

NVDA

QCOM

10 Information Technology Stocks Whale Activity In Today's Session

The cloud battle between Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) is hitting new highs, and both stocks are riding the AI wave <a href="https://www.benzinga.com/topic/artificial-intelligence">to impressive gains</a>.
But which one is winning? Let's dive into the numbers, recent moves, and what investors need to know.
<h2 class="wp-block-heading">Oracle's Big Play: Malaysia's Mega Cloud</h2>
Oracle has been flexing its cloud muscles, with a 20% stock jump over the past month, +61% YTD, thanks to impressive growth in its cloud infrastructure services. The latest boost? 
A $6.5 billion investment to establish a public cloud region in Malaysia—outpacing Amazon.com Inc's $6.2 billion AWS plan. Oracle's aggressive push aims to tap into Malaysia's growing demand for AI, data, and analytics, potentially becoming one of the largest tech investments in Southeast Asia.
Read Also: <a href="https://www.benzinga.com//node/41139192">Oracle Bets Big: Plans Over $6.5B Cloud Expansion In Malaysia To Fuel AI Innovation</a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094546/Screenshot-2024-10-03-at-5.36.35-PM.png" alt="" class="wp-image-578711" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094546/Screenshot-2024-10-03-at-5.36.35-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094546/Screenshot-2024-10-03-at-5.36.35-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
On the charts, Oracle stock is showing solid bullish signals across the board, trading at $167.71, above its eight-day, 20-day and 50-day moving averages. However, some selling pressure indicates caution for those diving in for short-term gains. 
Still, with ambitious revenue targets of $104 billion by FY2029, Oracle is playing the long game.
<h2 class="wp-block-heading">Salesforce: GenAI Power Move</h2>
Meanwhile, Salesforce isn't standing still. The stock is up 12.67% in the last month, powered by its new AgentForce platform, <a href="https://www.benzinga.com//node/41145130" target="_blank" rel="noopener">which analysts have hailed as "on par"</a> with Microsoft Corp's GenAI.
Piper Sandler even upgraded Salesforce to Outperform with a price target of $400. AgentForce, designed for sales, marketing, and service workflows, could boost Salesforce's TAM by a whopping $3.2 trillion. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094733/Screenshot-2024-10-03-at-5.36.23-PM.png" alt="" class="wp-image-578714" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094733/Screenshot-2024-10-03-at-5.36.23-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03094733/Screenshot-2024-10-03-at-5.36.23-PM-300x219.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Salesforce stock&#8217;s bullish technical signals, trading at $279.48, above its eight-day, 20-day and 50-day moving averages, confirm strong buying pressure.
<h2 class="wp-block-heading">The Verdict?</h2>
Both Oracle and Salesforce are AI-driven, cloud-hungry giants with plenty of growth potential. Oracle's bold infrastructure moves in Asia give it global reach, while Salesforce's GenAI ambitions position it to dominate in enterprise software. 
Investors eyeing cloud and AI should consider both—but Oracle's international ventures and bullish long-term outlook might edge out Salesforce's innovative short-term wins.
The real question: Who will be the ultimate king of the cloud? Let's see how the AI boom unfolds.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/09/41002243/oracle-surges-20-in-september-as-ai-cloud-strategy-flashes-bullish-signals">Oracle Surges 20% In September As AI, Cloud Strategy Flashes Bullish Signals</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Tech

ORCL

Oracle Vs. Salesforce: Cloud Wars Heat Up, Stocks Take Off

Investors with a lot of money to spend have taken a bearish stance on Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 61 uncommon options trades for Salesforce.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 40%, bearish.
Out of all of the special options we uncovered, 15 are puts, for a total amount of $498,753, and 46 are calls, for a total amount of $3,511,650.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $350.0 for Salesforce, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Salesforce's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Salesforce's significant trades, within a strike price range of $150.0 to $350.0, over the past month.
<h3>Salesforce Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727902032_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$12.2</td>
<td>$12.1</td>
<td>$12.2</td>
<td>$280.00</td>
<td>$676.1K</td>
<td>3.5K</td>
<td>601</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$12.35</td>
<td>$12.1</td>
<td>$12.1</td>
<td>$280.00</td>
<td>$539.8K</td>
<td>3.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.9</td>
<td>$20.85</td>
<td>$20.85</td>
<td>$280.00</td>
<td>$200.1K</td>
<td>3.3K</td>
<td>405</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$21.75</td>
<td>$21.6</td>
<td>$21.7</td>
<td>$280.00</td>
<td>$195.3K</td>
<td>3.3K</td>
<td>243</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$13.85</td>
<td>$13.7</td>
<td>$13.85</td>
<td>$290.00</td>
<td>$138.5K</td>
<td>2.3K</td>
<td>198</td>
</tr>
</tbody>
</table>

<h3>About Salesforce</h3>
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
<h3>Current Position of Salesforce</h3>
<ul>
<li>With a trading volume of 7,570,877, the price of CRM is up by 3.47%, reaching $280.26.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 56 days from now.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Salesforce, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding Salesforce's Options Activity: What's the Big Picture?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$117.00</td>
<td>$50.2K</td>
<td>25.4K</td>
<td>42.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$160.00</td>
<td>$25.7K</td>
<td>10.6K</td>
<td>37.6K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$110.00</td>
<td>$25.7K</td>
<td>10.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$190.00</td>
<td>$45.0K</td>
<td>780</td>
<td>2.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$420.00</td>
<td>$54.3K</td>
<td>4.4K</td>
<td>1.5K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$275.00</td>
<td>$27.6K</td>
<td>763</td>
<td>936</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$22.50</td>
<td>$28.1K</td>
<td>13.9K</td>
<td>377</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$170.00</td>
<td>$428.5K</td>
<td>1.0K</td>
<td>206</td>
</tr>
<tr>
<td>APPN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$40.00</td>
<td>$26.4K</td>
<td>63</td>
<td>103</td>
</tr>
<tr>
<td>ADSK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$280.00</td>
<td>$66.0K</td>
<td>262</td>
<td>91</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on October 4, 2024. Parties traded 433 contract(s) at a $117.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $50.2K, with a price of $116.0 per contract. There were 25469 open contracts at this strike prior to today, and today 42110 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option trade that happens to be bearish, expiring in 2 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $257.0 per contract. There were 10676 open contracts at this strike prior to today, and today 37632 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bearish sentiment. It expires in 44 day(s) on November 15, 2024. Parties traded 89 contract(s) at a $110.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $289.0 per contract. There were 10409 open contracts at this strike prior to today, and today 3151 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bearish sentiment. It expires in 23 day(s) on October 25, 2024. Parties traded 150 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $300.0 per contract. There were 780 open contracts at this strike prior to today, and today 2056 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bullish, expiring in 16 day(s) on October 18, 2024. This event was a transfer of 75 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $54.3K, with a price of $725.0 per contract. There were 4416 open contracts at this strike prior to today, and today 1516 contract(s) were bought and sold. 
• For CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we notice a call option trade that happens to be neutral, expiring in 2 day(s) on October 4, 2024. This event was a transfer of 39 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $710.0 per contract. There were 763 open contracts at this strike prior to today, and today 936 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bullish sentiment. It expires in 107 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $281.0 per contract. There were 13989 open contracts at this strike prior to today, and today 377 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 170 day(s) on March 21, 2025. Parties traded 100 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $428.5K, with a price of $4285.0 per contract. There were 1030 open contracts at this strike prior to today, and today 206 contract(s) were bought and sold. 
• Regarding APPN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>), we observe a call option trade with bullish sentiment. It expires in 142 day(s) on February 21, 2025. Parties traded 103 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $257.0 per contract. There were 63 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
• Regarding ADSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), we observe a call option trade with bearish sentiment. It expires in 44 day(s) on November 15, 2024. Parties traded 100 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $660.0 per contract. There were 262 open contracts at this strike prior to today, and today 91 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADSK

APPN

INTC

10 Information Technology Stocks With Whale Alerts In Today's Session

Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) recently received an <a href="https://www.benzinga.com/news/24/09/41012804/salesforces-free-cash-flow-could-double-by-2029-amid-ai-push-analyst-says-while-upgrading-stock">upgrade from Piper Sandler analysts</a>.
The company&#8217;s AgentForce platform is now "on par" with Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), according to Northland Capital Partners.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/591479b9290fa7000138e4b7/nehal-chokshi">Analyst Nehal Chokshi</a> upgraded the rating for Salesforce to Outperform, while raising the price target from $270 to $400.
The Salesforce Thesis: On Sept. 12, the company officially rolled out AgentForce. The platform enables users to deploy GenAI agents into sales, service, marketing and commerce workflows.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
AgentForce is powered by the Atlas engine, which eliminates the need to write code to build agents, while also having the ability to determine when to leverage human expertise, which is "a significant development in the field of autonomous agents," Chokshi said.
Salesforce is pricing AgentForce on a consumption basis, which aims at capturing a portion of the value GenAI creates for end customers. This could increase the software TAM (total addressable market) by $3.2 trillion, representing a 4x increase, the analyst stated.
CRM Price Action: Shares of Salesforce had risen by 1.24% to $7.83 at the time of publication on Wednesday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41046002/salesforce-analyst-sees-ai-as-a-tailwind-stakeholders-fed-up-with-dual-mandate">Salesforce Analyst Sees AI As A Tailwind, Stakeholders &#8216;Fed Up&#8217; With Dual Mandate</a></li>
</ul>
Image: Salesforce

Salesforce's GenAI Platform AgentForce 'On Par' With Microsoft: Analyst

WIIM

Salesforce shares are trading higher after Northland Capital Markets upgraded the stock from Market Perform to Outperform and raised its price target from $270 to $400.

In the fast-paced and highly competitive business world of today, conducting thorough company analysis is essential for investors and industry observers. In this article, we will conduct an extensive industry comparison, evaluating Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) in relation to its major competitors in the Software industry. Through a detailed examination of key financial metrics, market standing, and growth prospects, our objective is to provide valuable insights and illuminate company's performance in the industry.
<h3>Salesforce Background</h3>
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Salesforce Inc</td>
<td>47.19</td>
<td>4.49</td>
<td>7.28</td>
<td>2.44%</td>
<td>$2.79</td>
<td>$7.17</td>
<td>8.39%</td>
</tr>
<tr>
<td>SAP SE</td>
<td>93.59</td>
<td>5.66</td>
<td>7.30</td>
<td>2.1%</td>
<td>$1.94</td>
<td>$6.02</td>
<td>9.72%</td>
</tr>
<tr>
<td>Adobe Inc</td>
<td>42.57</td>
<td>15.22</td>
<td>10.89</td>
<td>11.46%</td>
<td>$2.31</td>
<td>$4.85</td>
<td>10.59%</td>
</tr>
<tr>
<td>Intuit Inc</td>
<td>58.14</td>
<td>9.22</td>
<td>10.58</td>
<td>-0.11%</td>
<td>$0.13</td>
<td>$2.4</td>
<td>17.4%</td>
</tr>
<tr>
<td>Palantir Technologies Inc</td>
<td>214.47</td>
<td>20.16</td>
<td>34.94</td>
<td>3.43%</td>
<td>$0.11</td>
<td>$0.55</td>
<td>27.15%</td>
</tr>
<tr>
<td>Synopsys Inc</td>
<td>51.10</td>
<td>9.87</td>
<td>11.90</td>
<td>5.49%</td>
<td>$0.46</td>
<td>$1.24</td>
<td>12.65%</td>
</tr>
<tr>
<td>Cadence Design Systems Inc</td>
<td>68.24</td>
<td>16.93</td>
<td>17.28</td>
<td>5.86%</td>
<td>$0.38</td>
<td>$0.92</td>
<td>8.61%</td>
</tr>
<tr>
<td>Workday Inc</td>
<td>41.50</td>
<td>7.64</td>
<td>8.22</td>
<td>1.6%</td>
<td>$0.28</td>
<td>$1.57</td>
<td>16.68%</td>
</tr>
<tr>
<td>Roper Technologies Inc</td>
<td>40.98</td>
<td>3.24</td>
<td>8.99</td>
<td>1.88%</td>
<td>$0.69</td>
<td>$1.19</td>
<td>12.12%</td>
</tr>
<tr>
<td>Autodesk Inc</td>
<td>54.78</td>
<td>23.29</td>
<td>9.97</td>
<td>12.17%</td>
<td>$0.39</td>
<td>$1.36</td>
<td>11.9%</td>
</tr>
<tr>
<td>AppLovin Corp</td>
<td>55.84</td>
<td>53.60</td>
<td>11.57</td>
<td>39.35%</td>
<td>$0.51</td>
<td>$0.8</td>
<td>43.98%</td>
</tr>
<tr>
<td>Datadog Inc</td>
<td>242.55</td>
<td>15.97</td>
<td>17.54</td>
<td>1.9%</td>
<td>$0.06</td>
<td>$0.52</td>
<td>26.66%</td>
</tr>
<tr>
<td>Ansys Inc</td>
<td>55.28</td>
<td>4.89</td>
<td>11.79</td>
<td>2.37%</td>
<td>$0.2</td>
<td>$0.52</td>
<td>19.64%</td>
</tr>
<tr>
<td>Tyler Technologies Inc</td>
<td>119.80</td>
<td>7.88</td>
<td>12.28</td>
<td>2.2%</td>
<td>$0.12</td>
<td>$0.24</td>
<td>7.28%</td>
</tr>
<tr>
<td>PTC Inc</td>
<td>71.89</td>
<td>7.02</td>
<td>9.56</td>
<td>2.32%</td>
<td>$0.13</td>
<td>$0.41</td>
<td>-4.37%</td>
</tr>
<tr>
<td>Zoom Video Communications Inc</td>
<td>24.51</td>
<td>2.48</td>
<td>4.69</td>
<td>2.6%</td>
<td>$0.23</td>
<td>$0.88</td>
<td>2.09%</td>
</tr>
<tr>
<td>Manhattan Associates Inc</td>
<td>83.78</td>
<td>69.94</td>
<td>17.22</td>
<td>21.98%</td>
<td>$0.07</td>
<td>$0.15</td>
<td>14.85%</td>
</tr>
<tr>
<td>Dynatrace Inc</td>
<td>100.23</td>
<td>7.51</td>
<td>10.46</td>
<td>1.89%</td>
<td>$0.06</td>
<td>$0.32</td>
<td>19.93%</td>
</tr>
<tr>
<td>Bentley Systems Inc</td>
<td>43.30</td>
<td>15.30</td>
<td>12.92</td>
<td>7.52%</td>
<td>$0.1</td>
<td>$0.27</td>
<td>11.32%</td>
</tr>
<tr>
<td>Average</td>
<td>81.25</td>
<td>16.43</td>
<td>12.67</td>
<td>7.0%</td>
<td>$0.45</td>
<td>$1.34</td>
<td>14.9%</td>
</tr>
</tbody>
</table>
<style>
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 </style>When closely examining Salesforce, the following trends emerge: 
<ul>
<li>
A Price to Earnings ratio of 47.19 significantly below the industry average by 0.58x suggests undervaluation. This can make the stock appealing for those seeking growth.
</li>
<li>
The current Price to Book ratio of 4.49, which is 0.27x the industry average, is substantially lower than the industry average, indicating potential undervaluation.
</li>
<li>
The Price to Sales ratio is 7.28, which is 0.57x the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
With a Return on Equity (ROE) of 2.44% that is 4.56% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.
</li>
<li>
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $2.79 Billion is 6.2x above the industry average, highlighting stronger profitability and robust cash flow generation.
</li>
<li>
The company has higher gross profit of $7.17 Billion, which indicates 5.35x above the industry average, indicating stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of 8.39% is significantly lower compared to the industry average of 14.9%. This indicates a potential fall in the company's sales performance.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727881239_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a key indicator of a company's financial health and its reliance on debt financing.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When assessing Salesforce against its top 4 peers using the Debt-to-Equity ratio, the following comparisons can be made:
<ul>
<li>
Salesforce has a stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.2.
</li>
<li>
This suggests that the company has a more favorable balance between debt and equity, which can be perceived as a positive indicator by investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Salesforce, the PE, PB, and PS ratios are all low compared to industry peers, indicating potential undervaluation. However, the low ROE suggests lower profitability compared to peers. The high EBITDA and gross profit levels are positive indicators of strong financial performance. The low revenue growth rate may be a concern for future prospects compared to industry peers in the Software sector.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Competitor Analysis: Evaluating Salesforce And Competitors In Software Industry

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5911f1bd290fa7000105e62b/chuck-grom">Gordon Haskett analyst Chuck Grom</a> upgraded the rating for The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) from Accumulate to Buy and announced a $450 price target. Home Depot shares gained 1% to close at $409.05 on Tuesday. <a href="https://www.benzinga.com/quote/HD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets analyst Nehal Chokshi upgraded Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Market Perform to Outperform and boosted the price target from $270 to $400. Salesforce shares fell 1% to close at $270.87 on Tuesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f614b70bd9910001a77ae8/john-pancari">Evercore ISI Group analyst John Pancari </a>upgraded the rating for M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from In-Line to Outperform and increased the price target from $187 to $210. M&amp;T Bank shares fell 3% to close at $172.72 on Tuesday. <a href="https://www.benzinga.com/quote/MTB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst John Royall upgraded Par Pacific Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PARR#NYSE">PARR</a>) from Neutral to Overweight, but slashed the price target from $36 to $30. Par Pacific shares fell 0.4% to close at $17.53 on Tuesday. <a href="https://www.benzinga.com/quote/PARR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6012978b879cba0001e02774/kelly-motta">Keefe, Bruyette &amp; Woods analyst Kelly Motta</a> upgraded the rating for CVB Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVBF#NASDAQ">CVBF</a>) from Market Perform to Outperform and boosted the price target from $20 to $22. CVB Financial shares fell 2.4% to close at $17.39 on Tuesday. <a href="https://www.benzinga.com/quote/CVBF/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying CRM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6-1024x502.png" alt="" class="wp-image-576532" style="width:647px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6-1024x502.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02092230/image-6.png 1362w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Upgrades

Analyst Ratings

CVBF

PARR

This Salesforce Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keybanc raised the price target for Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) from $171 to $182. Keybanc analyst Jason Celino maintained an Overweight rating. Paylocity shares fell 1.3% to close at $162.87 on Tuesday. <a href="https://www.benzinga.com/quote/pcty/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) from $280 to $318. Baird analyst Timothy Wojs maintained a Neutral rating. Acuity Brands shares gained 8.7% to close at $299.35 on Tuesday. <a href="https://www.benzinga.com/quote/AYI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark raised The Marcus Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) price target from $18 to $20. Benchmark analyst Mike Hickey maintained a Buy rating. Marcus shares gained 0.5% to close at $15.15 on Tuesday. <a href="https://www.benzinga.com/quote/MCS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) price target from $130 to $107. B of A Securities analyst Heather Balsky downgraded the stock from Buy to Neutral. PVH shares fell 3.2% to close at $97.64 on Tuesday. <a href="https://www.benzinga.com/quote/PVH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Northland Capital Markets raised Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) price target from $270 to $400. Northland Capital Markets analyst Nehal Chokshi upgraded the stock from Market Perform to Outperform. Salesforce shares fell 1% to close at $270.87 on Tuesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group raised the price target for M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from $187 to $210. Evercore ISI Group analyst John Pancari upgraded the stock from In-Line to Outperform. M&amp;T Bank fell 3% to close at $172.72 on Tuesday. <a href="https://www.benzinga.com/quote/MTB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) price target from $515 to $520. Morgan Stanley analyst Brian Harbour maintained an Overweight rating. Domino&#8217;s shares gained 0.1% to close at $430.66 on Tuesday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised the price target for Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) from $121 to $127. Piper Sandler analyst John Barnidge maintained a Neutral rating. Prudential Financial shares fell 1.4% to close at $119.36 on Tuesday. <a href="https://www.benzinga.com/quote/PRU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna boosted Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) price target from $250 to $260. Susquehanna analyst Bascome Majors maintained a Neutral rating. Union Pacific shares fell 0.4% to close at $245.55 on Tuesday. <a href="https://www.benzinga.com/quote/UNP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) price target from $104 to $100. B of A Securities analyst Lorraine Hutchinson maintained a Buy rating. NIKE shares gained 0.8% to close at $89.13 on Tuesday. <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock</a>. </li>
</ul>
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Price Target

Pre-Market Outlook

PCTY

Nike To $100? Here Are 10 Top Analyst Forecasts For Wednesday

Northland Capital Markets analyst Nehal Chokshi upgrades Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Market Perform to Outperform and raises the price target from $270 to $400.

Northland Capital Markets Upgrades Salesforce to Outperform, Raises Price Target to $400

Many investors are going full macro mode right now, focusing too much on today&#39;s data and not on tomorrow&#39;s implications. The U.S. election is coming up in a little over a month, a new earnings season is underway, and lots of economic data is pending for the Federal Reserve (the Fed) to consider further interest rate cuts before 2024 is over.
So far, the path is set for more rate cuts, with other countries starting to follow this same view, China being the latest to cut by 50 basis points last week. Some are still pointing to economic data like unemployment and contracting manufacturing PMI index readings for the past 22 months to quote a &lsquo;hard landing,&#39; but sticking to this view might keep these investors 100% bearish and potentially miss out on some of the potential rallies that can still be had.
One potential rally can be found in shares of Salesforce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>), especially now that Wall Street has reiterated a new boost on the stock&#39;s price target, pointing to further upside in the coming quarters. The reason behind the boost is exactly what retail investors should focus on in their portfolio strategy, and it has to do with the economy and business model for cloud businesses in the technology sector.
<h2>What If the Bears Are Right? What Happens to Salesforce Stock?</h2>
A bearish scenario for the S&amp;P 500 doesn&#39;t have to mean a bearish scenario for all stocks. If the bearish scenario plays out, unemployment might keep heading higher, and businesses will have to look for alternatives in hiring and managing their workforce today.
This is where Salesforce stock comes into play. As a cloud-based platform, Salesforce can streamline and improve most business processes in today&#39;s economy. This means cost savings and increased efficiency for its customers. So, if unemployment is on the rise in this bearish scenario, businesses can keep expensive employees on payroll or adjust for the slowdown by implementing technology.
Salesforce stock bulls can now understand where new demand will come from, but the rest of the business model is what will deliver the stability and predictability that helped Wall Street analysts land a higher price target. Cloud service businesses like Salesforce, Adobe Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>), and Workday Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) all operate under a subscription model, which can be critical during a hard landing.
Why? Subscriptions provide more predictable and stable cash flows for the companies that receive them, making projections and valuations easier to calculate despite any uncertainty and volatility in the overall market. That&#39;s for the bearish side, but what if the bulls are right and the market actually does well?
Salesforce also has a bullish scenario at play: Businesses need to use the platform to manage the higher business activity if the economy does manage to pull a &lsquo;soft landing&#39;. Whichever way investors look at Salesforce stock, there is a path for it to move higher, which is why Wall Street analysts felt comfortable boosting it.
<h2>Where Analysts See Salesforce Heading Next</h2>
The consensus price target for Salesforce stock is now set at $308 a share, which calls for a net 11.3% upside from where the stock trades today. Those at Wedbush stand out from the pack, with a recent price boost as recently as last week, setting the valuation up to $325 a share, calling for a much higher 17.5% net upside from today&#39;s price.
Wedbush is not alone, however, as analysts at Piper Sandler agreed on a $325 price target for Salesforce stock last week. This shows investors that the rest of Wall Street sentiment is now shifting to the bullish end for this company, and both economic scenarios seem to back the business model&#39;s predictability and stability for the future.
Even though Salesforce stock trades at 86% of its 52-week high today, there is still much more upside aside from current analyst upgrades. Compared to the rest of the computer sector, Salesforce offers a discount based on several valuation multiples.
On a price-to-earnings (P/E) basis, Salesforce trades at a 49.8x multiple. This current valuation places Salesforce at a 78.5% discount to the computer sector&#39;s average P/E valuation of 232.7x today, creating a path for a potential new 52-week high for Salesforce.
On a price-to-book (P/B) basis, Salesforce trades at a 4.6x valuation compared to the computer sector&#39;s valuation of 7.2x. This shows investors how Salesforce stock could have more room to move higher despite already trading near its 52-week high. The bullishness in the face of this discount didn&#39;t stop on Wall Street, however.
Those at Centaurus Financial decided to boost their holdings in Salesforce stock by 23.4% as recently as September 2024, bringing their net investment up to $3.2 million today. Even the Healthcare of Ontario Pension Plan doubled its holding in September, bringing its net allocation up to $48.1 million to show investors another bullish angle for Salesforce stock.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/salesforce-stock-gets-a-wall-street-boost-cloud-businesses-back/">Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?</a>&quot; first appeared on MarketBeat.

Earnings

Large Cap

ADBE

WDAY

Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?

Wedbush analyst Daniel Ives maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Outperform and raises the price target from $315 to $325.

Wedbush Maintains Outperform on Salesforce, Raises Price Target to $325

As Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) navigates a complex demand landscape, optimism is brewing for the <a href="https://www.benzinga.com/general/entertainment/24/09/41014793/salesforce-paid-john-mulaney-to-speak-at-its-event-then-he-roasted-the-entire-company-and-a">second half of 2024</a>.
JPMorgan analysts spoke to Salesforce partners, consultants and customers, and included feedback in a Wednesday research report.
"The first half was quite tough," remarked a partner from a Salesforce-focused consulting firm. He anticipates an upswing as pressure mounts for increased software spending, especially among retail companies.
Stakeholders are "fed up" with the dual mandate of cutting costs while driving sales, leading to a potential loosening of budget constraints amid fears of falling behind <a href="https://www.benzinga.com/topic/artificial-intelligence">in the AI race</a>.
<h2 class="wp-block-heading">Shorter-Term, Lower-Cost Projects Are Here To Stay</h2>
The trend towards shorter-term, lower-cost software projects is becoming permanent. Firms are breaking larger strategies into manageable pieces that demonstrate immediate ROI. 
"I think this may be a new way of buying that is here to stick around," the partner noted, reflecting a significant industry shift.
While he sees Salesforce maintaining 10% or greater growth for the next couple of years, there's an emphasis on the need for innovative products to sustain long-term expansion. "They are king of CRM,&#8221; the partner added, referring to the company&#8217;s customer relationship management platform. &#8220;But they need more than that at this point.&#8221;
Read Also: <a href="https://www.benzinga.com/insights/news/24/09/41034874/heres-how-much-you-would-have-made-owning-salesforce-stock-in-the-last-20-years">Here&#8217;s How Much You Would Have Made Owning Salesforce Stock In The Last 20 Years</a>
<h2 class="wp-block-heading">Salesforce Data Cloud Gains Momentum</h2>
Feedback surrounding Salesforce's Data Cloud is largely positive, with customers implementing it at scale. "I see momentum with Data Cloud in our business… feedback [from customers] is mostly positive," the partner shared, although he acknowledged the complexity of implementations poses challenges.
With a price target set at $310 for Salesforce stock, JPMorgan maintains an &#8216;Overweight&#8217; rating. 
As Salesforce pivots towards efficiency and profitability, its focus on generative AI capabilities may position it favorably for the future, even amidst current market headwinds.
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</ul>
Image: Shutterstock

Analyst Color

Salesforce Analyst Sees AI As A Tailwind, Stakeholders 'Fed Up' With Dual Mandate

Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) has outperformed the market over the past 20 years by 14.82% on an annualized basis producing an average annual return of 23.21%. Currently, Salesforce has a market capitalization of $262.43 billion. 
Buying $100 In CRM: If an investor had bought $100 of CRM stock 20 years ago, it would be worth $6,584.74 today based on a price of $274.51 for CRM at the time of writing.
<h3>Salesforce's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727296210_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Salesforce Stock In The Last 20 Years

Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) hired comedian John Mulaney to<a href="https://www.benzinga.com/topic/artificial-intelligence"> speak at its Dreamforce AI conference</a>. But, instead of light-hearted jokes and funny stories, Mulaney took the opportunity to roast the entire conference, AI as a whole and the ‘trailblazers' attending the event. The Dreamforce event, held in San Francisco, reportedly had more than 40,000 attendees. The lineup of speakers included Salesforce CEO Marc Benioff, NVIDIA CEO Jensen Huang, Olympian Simone Biles and more. But Mulaney, who spoke during the last day of the conference, seemed unimpressed by what he saw while attending. At one point, Mulaney told the crowd, &#8220;So many of you feel imminently replaceable,&#8221; according to the San Francisco Standard.<a href="https://sfstandard.com/2024/09/19/comedian-john-mulaney-brutally-roasts-sf-techies-and-ai-at-dreamforce/"> </a>Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know">NVIDIA, Salesforce Announce Strategic AI Collaboration: What To Know </a><a href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know"> </a>Mulaney took the opportunity to point out the irony of Silicon Valley entrepreneurs focusing on AI and the future in a city where thousands of humans struggle to live and maintain basic living conditions. &#8220;Let me get this straight,&#8221; Mulaney said. &#8220;You're hosting a ‘future of AI' event in a city that has failed humanity so miserably?&#8221; In addition to roasting the entire AI industry, Mulaney also poked fun at the vague corporate lingo often used at events like Dreamforce. &#8220;Some of the vaguest language ever devised has been used here in the last three days,&#8221; he said. &#8220;The fact that there are 45,000 ‘trailblazers' here couldn't devalue the title anymore.&#8221; Mulaney even compared the event attendees to himself and his son playing wiffle ball. &#8220;We're just two guys hitting wiffle balls badly and yelling ‘good job' at each other,&#8221; Mulaney said. &#8220;It's sort of the same energy here at Dreamforce.&#8221;
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