Up +57% since July, this AI-picked software giant can’t stop rallying
Since its selection by InvestingPro's AI software in July, the software giant Salesforce Inc (NYSE:CRM) has experienced an astonishing rally, surging by 56.83% since its initial inclusion. This impressive gain far exceeds the typical timeline of months or even years for similar results.
The company exceeded Wall Street's estimates in August, reporting earnings per share (EPS) of $5.90, surpassing the consensus estimate of $3.27 by a significant $2.63. Revenue also grew by 11% year-over-year to reach $11.3 billion. Salesforce's strong performance is credited to rapid enterprise adoption of its AI platform, with Agentforce and Data 360 annual recurring revenue increasing over 200% to nearly $3.9 billion.
In addition to its robust financial results, Salesforce increased its full-year 2027 revenue outlook to $46.1 billion to $46.4 billion and raised its EPS guidance to $16.67-$16.71, both beating expectations. InvestingPro, which places Salesforce's Fair Value at $336.00, anticipates a further +31.2% upside for the stock.
Over the past month, InvestingPro members have benefited from a series of AI-powered stock picks, with several achieving double-digit gains. Among these, Salesforce has stood out, highlighting the effectiveness of the ProPicks AI methodology in identifying undervalued companies with strong growth potential.
InvestingPro members can view the complete set of AI-powered stock picks for August, including the rationale behind each selection, here. For those not yet subscribed, this is an excellent opportunity to gain access to a proven AI investment tool. The current subscription offer is part of a Summer Sale, allowing users to secure an InvestingPro membership at up to 55% off.
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