In this article, I evaluated two software stocks, Oracle Corporation (ORCL) and Salesforce, Inc. (CRM) to determine whether you should buy, hold, or sell these stocks. We believe CRM could be an ideal buy, while it could be wise to wait for a better entry point in ORCL.
The software industry is vital to economic progress and is set for continued growth due to technological advances, including artificial intelligence (AI), machine learning (ML), and cybersecurity, digital transformation initiatives, and the shift to cloud-based applications. Gartner forecasts worldwide software spending to reach $1.03 trillion in 2024, up 12.7% from the prior year.
