BNP Paribas Conference Insights: Salesforce, Workday, and Snowflake Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2026
0mins
Should l Buy CRM?
Source: seekingalpha
- Salesforce Growth Outlook: BNP Paribas reiterated its Outperform rating on Salesforce, anticipating revenue growth acceleration in its core business in H2, particularly in Q3, although the stock price remains stagnant, indicating market skepticism regarding the adoption of Agentforce and Data Cloud.
- Workday Product Focus: Workday is returning to organic product development, expecting bookings growth in H2 FY’27, albeit potentially sacrificing some long-term margin targets, showcasing its competitiveness and adaptability in the AI landscape.
- Snowflake AI Potential: Snowflake is seen as a key beneficiary of AI, with expectations that AI will drive accelerated demand for its core platform, particularly by simplifying development to expand its user base, leading analysts to reaffirm its Outperform rating.
- AI Pricing Model Challenges: Salesforce faces investor skepticism regarding its evolving AI pricing models, and while it does not plan to significantly ramp up monetization of API calls, it must ensure customers continue to pay for premium services to access their data and metadata.
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Analyst Views on CRM
Wall Street analysts forecast CRM stock price to rise
39 Analyst Rating
29 Buy
9 Hold
1 Sell
Moderate Buy
Current: 186.240
Low
223.00
Averages
326.40
High
405.00
Current: 186.240
Low
223.00
Averages
326.40
High
405.00
About CRM
Salesforce, Inc. is a customer relationship management (CRM) technology company. Its artificial intelligence (AI) powered Agentforce 360 Platform offers sales, service, marketing, commerce, collaboration, data management, integration, analytics, and information technology (IT) service solutions. It enables customers to build and deploy digital labor for employees and customers, leveraging autonomous AI agents across business functions. Its service offerings include Agentforce Sales, Agentforce Service, Agentforce 360 Platform, Slack and Others. The Agentforce Sales provides sales capabilities and tools built for organizations across prospecting, sales engagement, team collaboration, sales analytics and AI, sales programs, sales performance, partner management, and revenue and orders. The Agentforce Service provides field service solutions that enable companies to connect service agents, dispatchers and mobile employees through platform to schedule, dispatch and manage jobs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Salesforce Transformation: Salesforce has successfully broken down data silos by launching Data 360 and acquiring Informatica, establishing itself as a master of records for AI agents, and the market's underappreciation of this transition presents a great investment opportunity.
- AI Orchestration Opportunities: ServiceNow and UiPath hold significant potential in AI orchestration, with ServiceNow extending its IT management platform to manage AI agents through its AI Control Tower solution, enhancing clients' technical integration capabilities.
- Portfolio Construction: Investors can capitalize on the upcoming agentic AI boom by allocating $5,000 across these five stocks, which are expected to drive the market higher and create multiple winners.
See More
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- Market Potential: Agentic AI is viewed as the next major trend poised to drive market growth over the coming years, with Wall Street yet to fully recognize its potential; investors can capitalize on this opportunity by investing $5,000 in five related stocks.
- Changing Hardware Demands: The rise of agentic AI necessitates a reconfiguration of data center architectures, with high-performance central processing units (CPUs) expected to replace graphics processing units (GPUs) as the primary computing units, positioning AMD and Arm favorably as the data center CPU market is projected to reach $100 billion in the next five years.
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- Leaders in AI Orchestration: ServiceNow and UiPath are at the forefront of AI orchestration, with ServiceNow's AI Control Tower helping clients manage AI agents and UiPath's Maestro platform optimizing task assignments, showcasing their critical roles in the agentic AI revolution.
See More
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- Price Range Analysis: The XLK ETF's 52-week low is $86.225 per share, with a high of $152.995, while the last trade was at $133.67, indicating relative stability and investor confidence in the current market environment.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average can provide valuable insights for investors, aiding them in making more informed investment decisions based on market trends.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows (new units created) or outflows (old units destroyed), assessing their potential impact on underlying assets.
See More
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- Market Sentiment Decline: Despite overall market stability, software stocks faced a severe downturn in Q1 2026, with the iShares Expanded Tech-Software Sector ETF (IGV) dropping over 24%, marking the worst quarterly performance since the 2008 financial crisis and indicating a valuation reassessment across the industry.
- Big Players Hit Hard: Major companies like Salesforce (CRM) and ServiceNow (NOW) saw declines exceeding 30% in Q1, while Workday plummeted nearly 40%, illustrating that even established firms are not immune to market pressures, leading to capital shifting towards energy and AI chip stocks.
- Impact of AI Technology: The emergence of advanced AI agents such as Anthropic's Claude Cowork and OpenClaw raises concerns about diminishing demand for traditional enterprise software, prompting software companies to invest heavily in AI infrastructure; however, tightening profit margins are causing investor skepticism regarding near-term returns.
- Diverging Analyst Opinions: Despite bearish market sentiment, Dan Ives from Wedbush Securities argues that the decline in software stocks is excessive, asserting that AI will drive increased spending in the enterprise software market, suggesting that the current downturn may present a buying opportunity.
See More
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- ServiceNow Stock Performance: ServiceNow's shares have dropped 34% over the past year and 32% year-to-date, although analysts have raised earnings estimates three times in the last 60 days for 2026, indicating a bullish outlook for the company.
- Salesforce Valuation Analysis: Salesforce's stock has decreased by 12% over the last five years and 29.5% year-to-date, with a forward P/E of 14.1, which is considered a value indicator, and earnings are expected to rise by 4.6% in fiscal 2027.
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See More
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- High-Frequency Trading Insight: Within Salesforce, the $180 strike put option has seen 34,250 contracts traded today, representing about 3.4 million shares, reflecting investor expectations of potential price declines that could impact stock volatility.
- Chevron Options Activity: Chevron Corporation's options trading volume reached 75,380 contracts, approximately 7.5 million shares, accounting for 49.6% of its average daily trading volume over the past month, showcasing active trading interest in its stock.
- Put Option Trading: For Chevron, the $195 strike put option has traded 5,496 contracts today, representing around 549,600 shares, indicating a cautious sentiment among investors regarding its future performance, which may influence its stock price trajectory.
See More
