a key target in the tech sector, and gives the stock an Outperform (Buy) rating along with a $325 price target. This figure suggests a one-year upside potential of 41% from current levels. (To watch Ives’ track record, click here)
Salesforce’s Strong Buy consensus rating is based on 27 Buy ratings and 2 Holds. The stock has an average price target of $308.24, which implies a 29% upside potential from the current share price of $238.06. (See CRM stock forecast)
In summary, the tech sector is at the forefront of the ongoing fourth industrial revolution, driven by AI and rapid data exchange. Microsoft and Salesforce are two tech giants that are well-positioned to capitalize on this trend, with strong AI initiatives and solid financial performance. Dan Ives is bullish on both stocks, highlighting their potential for growth in the coming years. Investors looking to ride the wave of the tech revolution may want to consider adding these stocks to their portfolios.