Better AI Stock: Salesforce vs. UiPath @themotleyfool #stocks $CRM $PATH
Salesforce, the world's largest provider of cloud-based customer relationship management (CRM) services, uses its AI platform Einstein to analyze trends and provide data-driven predictions. UiPath's robotic process automation (RPA) platform automates repetitive office tasks -- such as managing inventories, processing invoices, onboarding customers, and entering large amounts of data -- to reduce an organization's dependence on human employees. But over the past 12 months, Salesforce's stock declined 14% as UiPath's stock plunged 53%. Let's see why both stocks lost their luster, and if either one is a good turnaround play for 2023 and beyond. Salesforce expects its revenue to rise 17% in fiscal 2023, cooling from its 25% growth in fiscal 2022, as its adjusted EPS rises 3%. Its growth is decelerating as the macro headwinds force many companies to rein in their spending on big software deals.
Mar-27-2023, 18:30:27 GMT