Salesforce (NYSE: CRM) is among the most resilient software stocks for reductions in business spending and the market downturns they cause, at least in the eyes of analysts at Evercore ISI. They believe the company’s AI offering and breadth set it apart from competitors, and that moat is reflected in survey data.
Evercore surveyed to check the macro demand outlook for enterprise software, and although results are mixed, Salesforce is a standout, serving 95% of the industries covered. To put this into an even sharper perspective, consider that more than 90% of the Fortune 500 use Salesforce to help manage their CRM needs.
