Workflow
Top Wall Street analysts believe in the potential of these stocks despite macro woes
CRMsalesforce(CRM) CNBC· CNBC·2025-06-08 11:06

Core Viewpoint - Market volatility driven by macro uncertainty necessitates a focus on stocks with strong long-term return potential, supported by top Wall Street analysts' recommendations [1][2] Group 1: Nvidia (NVDA) - Nvidia reported market-beating results for Q1 of fiscal 2026, maintaining confidence in AI infrastructure demand despite chip export restrictions [3][4] - JPMorgan analyst Harlan Sur reiterated a buy rating with a price target of 170,notingsolidrevenuedespitea170, noting solid revenue despite a 4.5 billion write-down related to H20 inventory [4][6] - Excluding H20 shipments, data center revenue is projected to grow 16% quarter over quarter, driven by strong customer spending on AI projects [5][6] - Demand for Nvidia's Blackwell platform is strong, expected to exceed supply for several quarters, supported by mega data center deals [6][7] Group 2: Zscaler (ZS) - Zscaler's fiscal Q3 results surpassed expectations, driven by demand for its Zero Trust Exchange platform and AI security needs [8][9] - JPMorgan analyst Brian Essex reaffirmed a buy rating and raised the price target to 292,highlightingthecompany′sraisedfull−yearoutlookforrevenueandprofitability[9][11]−Thenumberofcustomerswithover292, highlighting the company's raised full-year outlook for revenue and profitability [9][11] - The number of customers with over 1 million in annual recurring revenue increased by 23% year over year, positioning Zscaler to exceed 3billioninARR[11][12]−TheacquisitionofRedCanaryisviewedpositively,expectedtoenhanceZscaler′sIPandthreatintelligencecapabilities[12]Group3:Salesforce(CRM)−Salesforcereportedbetter−than−expectedrevenueandearningsforQ1offiscal2026andraiseditsfull−yearforecast,alongsidean3 billion in ARR [11][12] - The acquisition of Red Canary is viewed positively, expected to enhance Zscaler's IP and threat intelligence capabilities [12] Group 3: Salesforce (CRM) - Salesforce reported better-than-expected revenue and earnings for Q1 of fiscal 2026 and raised its full-year forecast, alongside an 8 billion acquisition of Informatica [13][14] - TD Cowen analyst Derrick Wood reiterated a buy rating with a price target of $375, noting strong demand signals from the company's renewed focus on sales capacity growth [14][16] - AI adoption is accelerating, with Data Cloud and AI ARR rising over 120% year over year, indicating strong traction for the Agentforce offering [15][16] - Salesforce is increasing its workforce aggressively, signaling positive demand and growing sales pipelines [16][17]