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Quick Read

Snowflake surged 58% in a month after delivering 34% year-over-year product revenue growth, yet trades at half Palantir's free-cash-flow multiple. Palantir's trailing P/E of 150 and 27% year-to-date decline reflect what happens when AI narrative valuations collide with higher-for-longer capital costs. Snowflake's $9.21 billion remaining performance obligations, up 38%, plus a $6 billion AWS deal provide multi-year revenue visibility Palantir's model cannot match. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Snowflake didn't make the cut. Grab the names FREE today.

Palantir (NASDAQ:PLTR) is the ticker every retail trader keeps tweeting about, riding an AI government-software narrative into one of the richest valuations in large-cap software. But here's what you should actually be watching: the unloved data platform that just printed its strongest sequential growth quarter in company history while the headline name was busy cracking.24/7 Wall St.

Start with the math nobody on wallstreetbets wants to do. Palantir trades at a trailing P/E of 150 and a price-to-sales ratio of 61, with a forward multiple still near 90. Free cash flow yield sits at 0.70%. Those are lottery-ticket numbers, and the lottery is already cashing out. The stock is down 26.75% year to date and 8.43% in the past week alone, trading at $130.21 against a 52-week high of $207.52.

The narrative is cracking in public. Reddit's r/stocks lit up on June 3 around Michael Burry's "A Sand Castle Supported Only By AI Applications Narrative" critique, and bearish posts have outnumbered bullish ones 18 to 8 over the past 30 days. Next-big-thing bubbles deflate when capital costs stay higher for longer, and this is what that deflation looks like in real time.

The Redirect: A Database Monopoly On Sale

Snowflake (NYSE:SNOW) is the boring infrastructure play under the AI froth, and it just delivered the kind of quarter that retirement-focused capital should care about. Three points settle the argument.

1. The valuation gap is absurd. Snowflake trades at roughly 74x price-to-free-cash-flow against Palantir's 142x. Free cash flow yield runs at 1.35%, nearly double Palantir's. The market cap sits near $83 billion, less than a third of Palantir's $299 billion, despite operating the layer of the stack every AI agent ultimately queries.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Snowflake didn't make the cut. Grab the names FREE today.

2. Fundamentals are accelerating. Q1 FY2027, reported May 27, 2026, delivered product revenue of $1.33 billion, up 34% year over year, the strongest sequential dollar growth in company history. Non-GAAP EPS of $0.39 beat estimates by 21.95%, the fourth straight beat. Remaining performance obligations reached $9.21 billion, up 38% year over year, providing the kind of multi-year revenue visibility Palantir's consumption model cannot match. Net revenue retention held at 126%. Full-year product revenue guidance was raised to $5.84 billion, and operating margin guidance moved up to 13.5%.

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3. The moat is widening while the crowd looks elsewhere. Snowflake just signed a $6 billion multi-year agreement with AWS, deepened its OpenAI co-innovation, brought SAP integration to general availability, and acquired Natoma for Model Context Protocol agents. CEO Sridhar Ramaswamy framed it plainly: "Q1 marks a clear inflection point... positioning Snowflake to lead in this new era." Over 13,600 accounts are already on Snowflake AI.

Reddit activity on Snowflake remains a fraction of Palantir's, which is exactly the point. The stock is up 58.35% in the past month from $151.50 to $239.90, and the crowd is still busy arguing about a sand castle.

For a retirement-focused investor, Snowflake looks worth researching while the sticker is still on.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Snowflake didn't make the cut. Grab the names FREE today.

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Investing.com -- Shares in SAP (NYSE:SAP) (ETR:SAPG) dropped more than 4% after rival Oracle (NYSE:ORCL) unveiled capital spending plans for fiscal 2027 that came in well above Wall Street expectations.

Oracle's stock fell more than 10% in premarket trading Thursday after the company said it expects capital expenditures of up to $95 billion in fiscal 2027, though it anticipates recovering up to $25 billion of that from customer repayments. Analysts had been expecting capital spending of around $67.7 billion, according to LSEG data.

Oracle also said it plans to raise nearly $40 billion through a mix of debt and equity financing in 2027, including a previously announced $20 billion at-the-market equity issuance.

The figures underscore the enormous cash demands of competing at the frontier of AI infrastructure. Oracle, which has secured major data center contracts with customers including Meta Platforms and OpenAI, is positioning itself as a serious challenger to cloud leaders Amazon and Microsoft, and is increasingly spending at a comparable scale.

CFO Hilary Maxson told analysts that roughly $70 billion of the projected 2027 outlay represents Oracle's own capital spending, with the remainder expected to be repaid by customers, though she did not specify a timeline for those recoveries. She also cautioned that gross margins would "step down" in the current fiscal year as the company accelerates its data center buildout.

Oracle's spending has already been massive. The company spent around $55.7 billion in fiscal 2026, exceeding its own $50 billion target, and had earlier in the year flagged plans to raise up to $50 billion through debt and equity sales.

For the fourth quarter, Oracle reported revenue of $19.18 billion, slightly ahead of the $19.10 billion analysts had forecast. Adjusted earnings of $2.03 per share also topped the $1.96 consensus estimate.

Cloud services revenue reached $9.9 billion in the quarter, up 46% year-on-year in constant currency, while Oracle Cloud Infrastructure revenue surged 92% to $5.8 billion. Total software revenue edged down 2% in constant currency to $6.8 billion.

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Payhawk

Native integration with SAP S/4HANA®, role-based field and value visibility, expanded global payment, new currencies, procurement workflows, enhanced travel flexibility, and 30+ improvements that help finance teams scale operations without scaling overhead

LONDON, June 11, 2026 (GLOBE NEWSWIRE) -- Payhawk, the AI-native spend management platform, today announced the release of its Summer '26 Edition, a major platform update designed for finance teams running the most complex operations.

Enterprise control has always come at a price: enterprise complexity. New Payhawk research among 1,520 finance and business leaders shows that just 14% have brought spend control, consolidation, and automation together, and that share barely improves as companies grow larger and more complex. Payhawk is built on the opposite bet—delivering enterprise depth across ERP, payments, AP, and travel with software people actually want to use.

"Enterprise finance teams should not have to sacrifice usability to achieve operational depth," said Hristo Borisov, CEO and co-founder of Payhawk. "The Summer '26 Edition is about helping companies operate in highly complex finance environments while keeping workflows intuitive, connected, and fast for the people using them every day."

Enterprise depth without enterprise friction

Native integration with SAP S/4HANA Public Cloud synchronises expenses, payments, and master data directly between Payhawk and SAP® software, cutting reconciliation work and keeping spend management aligned with the ERP. Role-based field and value visibility lets finance teams decide exactly what each employee can see and edit, giving them stronger segregation of duties and tighter operational control.

Accounts payable that handles every invoice, however it arrives

Unified invoice capture brings every invoice into Payhawk through the route it arrives: compliant e-invoices automatically, emailed PDFs via a smarter mailbox, and supplier-portal invoices through AI Fetch, then automatically files each to the correct entity. The new e-invoicing is an EU-wide capability that helps businesses prepare for the shift to mandatory e-invoicing across Europe.

Global payments without the local banks

Expanded global payments let teams open a local account, receive funds, issue cards, and pay suppliers—all in local currency, without opening a separate bank in every market. New currencies Swiss francs (CHF), Danish krone (DKK), and Polish złoty (PLN) join the set Payhawk supports end to end, in addition to payments to over 115 currencies across 150+ countries.

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Fewer disconnected systems

Automated ERP master-data sync and expanded expense-report export for NetSuite and Microsoft Dynamics keep records consistent across systems with less manual upkeep. More flexible travel lets travellers change their own bookings, book on behalf of colleagues, apply policy-based allowances, and use negotiated hotel rates. And AI-native workflows, such as Financial Controller Agent capabilities inside Microsoft Teams, bring approvals and alerts to where teams already work.

The release advances Payhawk's vision for the finance operating system of the future, bringing AI-native workflows, embedded payments, and Enterprise Controls together so finance teams can move faster with less overhead.

Register for the Summer '26 Edition webinar and see what it means for the most complex finance setups: https://payhawk.com/editions/summer-2026.

ABOUT PAYHAWK

Payhawk is an AI-native spend management platform that orchestrates global money across Bills, Cards, Expenses, Travel, and Procurement for maximum control, automation and savings. It provides a global money account on top of your ERP combined with agents enforcing rules, policies, and budgets on every payment while giving employees an effortless spending experience. Headquartered in London with offices across Europe and the US, Payhawk serves mid-market and enterprise companies in 32+ countries.

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Show Floor to Feature Startup Innovation, Global AI Participation, and New Agentic AI Demonstrations

LAS VEGAS, NV / ACCESS Newswire / June 10, 2026 / Ai4 2026, America's largest AI industry conference taking place August 4-6, 2026 at The Venetian in Las Vegas, announced a significantly expanded Exhibit Hall experience today.

Featuring nearly 400 exhibitors and sponsors - up from approximately 225 in 2025 - the Exhibit Hall will showcase the technologies, companies, and innovators driving the future of artificial intelligence. Participating organizations include AMD, AWS, Cisco, NVIDIA, Google Cloud, SAP, Siemens, HPE, Dell Technologies, EY, IBM, Mistral AI, Dataiku, Vultr, Red Hat, and PayPal.

Serving as the central hub for networking, business development, product demonstrations, and media activity, the Exhibit Hall will feature networking lounges, one-on-one meeting spaces, daily lunches and receptions, an expanded Startup Alley, the Podcast Pavilion, and the debut of Agentic Live, a new showcase featuring live demonstrations of emerging agentic AI solutions.

"The Exhibit Hall will be the epicenter of the event and where the AI ecosystem comes to life," said Michelle Troop, CRO of Ai4. "From breakthrough startups to global technology leaders, attendees will discover the innovations, partnerships, and solutions driving the next wave of AI transformation. Beyond exploring cutting-edge technologies, attendees will have countless opportunities to connect with peers, engage directly with industry experts, experience AI in action, and build the relationships that will help shape the future of their organizations and the broader AI community."

Startup Alley has doubled in size from last year, providing emerging AI companies with a premier platform to connect with enterprise buyers, investors, media, and industry leaders. For a full list of exhibitors and sponsors participating in Ai4 2026, visit ai4.io/sponsors-exhibitors.

Reflecting the increasingly global nature of the AI industry, Ai4 2026 will also feature international exhibitor pavilions showcasing AI and semiconductor companies from South Korea. Additional interactive experiences throughout the Exhibit Hall will include humanoid robotics demonstrations, AI-powered technologies, live podcast recordings, product launches, and immersive technology showcases from some of the industry's most innovative organizations.

Complementing the expanded Exhibit Hall, Ai4 2026 will offer a comprehensive four-day educational program designed for business leaders, technologists, researchers, policymakers, and AI practitioners. The conference will feature keynote presentations, fireside chats, panel discussions, technical deep dives, hands-on trainings, workshops, and industry-specific case studies exploring the latest advancements and real-world applications of artificial intelligence.

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The keynote stage will feature some of the most influential voices shaping the future of AI, including executives and innovators from OpenAI, Playground Global, Mistral AI, Dataiku, Insilico Medicine, PayPal, Vultr, Runway, Niantic Spatial, Cisco, Waymo, and Amazon Web Services. One of the conference's most anticipated sessions, The Architects of Intelligence: A Historic Convergence, will bring together AI pioneers Geoffrey Hinton, Fei-Fei Li, and Andrew Ng for a landmark discussion on the evolution and future of artificial intelligence.

The educational program will also include pre-conference trainings and summits, industry-focused tracks, technical workshops, and dedicated content for business and product leaders. Attendees can choose from programming focused on AI Transformation, Industry Applications, Job Function, Special Interest, and Technical topics, as well as sessions on the Google Stage and other interactive learning environments. The complete conference agenda is available at ai4.io/agenda-full.

Now in its largest edition to date, Ai4 2026 is expected to welcome more than 12,000 attendees, 1,000 speakers, and nearly 400 exhibitors across almost one million square feet of exhibitions, education, demonstrations, meetings, and networking opportunities. As North America's largest artificial intelligence industry event, Ai4 brings together business leaders, technology innovators, researchers, investors, startups, and policymakers to explore the opportunities, challenges, and transformative impact of AI. Registration for Ai4 2026 is now open. For more information and to register, visit ai4.io.

Founded in 2018, Ai4 has become the premier destination for leaders seeking to understand and apply artificial intelligence responsibly and effectively. By convening the brightest minds in AI research, strategy, and implementation, Ai4 continues to advance innovation while helping organizations confidently navigate the AI-powered future.

Media Registration: Reporters, analysts, and content creators covering artificial intelligence and emerging technologies are invited to apply for press credentials at https://ai4.io/press-resources/

For further information, contact:

Amy Riemer, Communications Director 978-502-4895 (mobile) amy@riemercommunications.com

SOURCE: Ai4 2026

View the original press release on ACCESS Newswire

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Manhattan Associates MANH is deepening its commitment to a cloud-first model built on the Manhattan Active platform, with cloud subscription revenue serving as the primary growth engine. While the structural transition looks promising, near-term operational disruption and macro caution make this a stock to hold — or stay away from — in the near term.

MANH Setup in 2026: Resilient but Not Risk-Free

MANH shares carry a Zacks Rank #3 (Hold), reflecting a setup that is structurally sound but carries meaningful execution risk. After a strong first quarter, the company raised full-year guidance, targeting total revenue of $1.147 billion to $1.157 billion and a cloud revenue midpoint of $495 million, implying 21% growth. The adjusted operating margin midpoint was raised to 35%, with quarterly targets of 34.7% in the second quarter, 36.9% in the third, and 36.1% in the fourth. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Management maintained a conservative posture for the back half, citing macro volatility and foreign exchange variability. A June 2026 workforce reduction of approximately 6% of global headcount — expected to generate $7 million to $9 million in second-quarter restructuring charges — adds near-term uncertainty, even as the company reaffirmed its full-year outlook and framed the action as a strategic priority reset.

Manhattan Associates, Inc. Price and ConsensusManhattan Associates, Inc. Price and Consensus

Manhattan Associates, Inc. price-consensus-chart | Manhattan Associates, Inc. Quote

Manhattan Associates' Business Mix and Platform Strategy

Manhattan's strategy is organized around the cloud-native Manhattan Active platform spanning Supply Chain Execution, Omnichannel Commerce, and Supply Chain Planning. At its Momentum 2026 conference in May, the company unveiled Sightline, a capability within ActivePlanning that surfaces the reasoning behind AI-driven forecasts in plain business language, and Manhattan Marketplace, a shared engine for deploying supply chain and commerce AI agents. These releases reflect a deliberate move toward deeper AI integration — positioning the platform against broader competitors. SAP continues building its Joule AI assistant alongside S/4HANA, reporting cloud revenue growth of 19–27% at constant currencies in its own first quarter, while Salesforce, CRM is aggressively expanding its Agentforce platform into commerce and order management workflows, with Agentforce ARR surpassing $1.2 billion as of its most recent quarter — presenting an increasingly credible alternative for enterprise customers evaluating omnichannel platforms.

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MANH Q1 Results: Cloud Growth and RPO Momentum

First-quarter 2026 results were the clearest near-term positive. Cloud subscription revenue rose 24.2% year over year to $117.1 million, while remaining performance obligations climbed to $2.35 billion as of March 31, 2026 — up 24% year over year from $2.23 billion at year-end 2025. Operating cash flow grew 12% to $84 million, and deferred revenue increased 20% to $356 million. However, management acknowledged that the quarter included non-recurring items — one-time catch-up overage fees and unusually low churn — and guided the back half conservatively as a result. Quarter-to-quarter normalization is a real consideration for near-term investors.

Manhattan Associates' Cloud Transition Creates Runway

Only 23% of Manhattan's on-premises customers have converted or begun migrating to cloud-native deployments, implying a significant runway of incremental subscription growth from the existing base. Early results from Active Agents — Manhattan's agentic AI offering — have shown measurable outcomes in pilots, including improvements in order cycle times and reductions in supply chain exceptions. Oracle ORCL is pursuing a parallel agentic strategy with coordinated AI agent teams across its Fusion Cloud SCM suite, introduced in April 2026, competing directly for the same enterprise decision-making layer. Salesforce is investing heavily in the same territory, with its Agentforce platform processing 3.8 billion agentic work units to date and its Commerce Cloud deepening retail order management capabilities — a direct overlap with Manhattan's Omnichannel Commerce suite. The migration opportunity at Manhattan remains intact, but the competitive environment for wallet share is tightening from multiple directions.

MANH Offsets: Macro Caution and Services Utilization Risk

Despite the momentum, structural headwinds are real. License revenue fell 76% year over year, and maintenance revenue declined 4.8%, creating a combined 4.4-percentage-point drag on total revenue growth for 2026. Services revenue guidance stands at a modest 3% growth, yet the company added approximately 120 forward-deployed engineers in the first quarter with another 70 positions pending — a hiring surge that introduces utilization risk if billable velocity does not keep pace. The June workforce reduction adds further uncertainty heading into the second half. Foreign exchange variability remains a watch item given Manhattan's international operation, and large-deal timing can produce non-linear quarterly prints. SAP's SAP broad global customer base and Oracle's deep ERP infrastructure footprint each offer cross-sell advantages in accounts where Manhattan's suite does not fully extend, and the broader market softness in enterprise software — reflected in Salesforce shares falling approximately 33% year-to-date in 2026 — is a reminder that cloud momentum alone does not insulate stocks from macro and sentiment headwinds.

Manhattan Associates' Takeaway for Long-Term Investors

MANH's cloud transition is structurally sound, and rising remaining performance obligations alongside an expanding AI product portfolio support long-term confidence. However, second-quarter restructuring charges, normalizing first-quarter tailwinds, macro and foreign exchange caution, and intensifying competition from Oracle, SAP, and other well-capitalized enterprise software peers all argue for caution in the near term. Investors are better served holding current positions rather than adding exposure until second-quarter execution clarity emerges.

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Manhattan Associates MANH is navigating a cloud transition that is gradually improving revenue quality, yet the structure of its revenue model continues to create near-term execution tests that investors cannot afford to overlook. Total revenue came in at $282 million in first-quarter 2026, up 7% year over year, with cloud revenue growing 24% to $117 million and services revenue rising 4% to $126 million. The company also raised its full-year 2026 guidance, targeting total revenue of $1.147–$1.157 billion, implying 11% growth excluding license and maintenance attrition, with a cloud revenue midpoint raised to $495 million representing 21% growth. That constructive backdrop, however, sits alongside structural mix pressures that keep a Hold stance appropriate for now.

Manhattan Associates, Inc. Price and ConsensusManhattan Associates, Inc. Price and Consensus

Manhattan Associates, Inc. price-consensus-chart | Manhattan Associates, Inc. Quote

MANH Revenue Mix Sets the Margin Starting Point

Manhattan generates revenue from cloud subscriptions, professional services, software licenses, maintenance and hardware. The 2025 mix saw services represent 47% of total revenue and cloud subscriptions account for 38%, making services the largest individual line item. When services dominate the mix, gross margin and operating leverage hinge not just on cloud momentum but on how efficiently the delivery organization operates. For 2026, adjusted operating margin is expected in the 34.5%–35% range, with a midpoint implying roughly 75 basis points of improvement excluding license and maintenance attrition. Software peer Adobe ADBE derives a far greater share of revenue from high-margin subscriptions, giving Adobe a structurally wider margin buffer against services-related volatility. That contrast highlights why mix management remains central to MANH's near-term profitability story.

Manhattan Associates Faces Services Utilization Tests

Services revenue is expected to grow 3% for the full year 2026 to approximately $518 million. At the same time, Manhattan is meaningfully expanding its delivery headcount to support the Active Agents AI initiative. Approximately 120 new hires were added to the services team for AI and agent deployment, with an additional 70 roles open or pending. This combination introduces the risk that capacity growth outpaces billable velocity. If utilization slips, services profitability can compress even when customer demand remains healthy. SAP SAP faces a comparable dynamic: SAP's services revenue declined 1% year over year at constant currencies in first-quarter 2026 as the company leaned into cloud growth, demonstrating how services can shrink even as a software platform gains broader adoption. SAP's services contraction signals that heavy cloud investment can displace services revenue, a tension Manhattan must manage carefully given services' outsized weight in its own mix.

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MANH License and Maintenance Attrition Shifts the Mix

License and maintenance attrition remains a manageable but persistent headwind. In first-quarter 2026, software license revenue fell 76% year over year to $2.2 million, while maintenance revenue slipped 4.8% to $30.6 million. Management expects a 17% decline in maintenance revenue as the transition to cloud-native deployments continues. That attrition creates a roughly 100-basis-point drag embedded in the full-year outlook. Remaining performance obligations reached $2.35 billion as of March 31, 2026, up 24% year over year, providing meaningful long-term visibility that partially offsets near-term pressure. Adobe has managed a similar legacy-to-subscription migration and still contends with investors who question whether AI-driven competition will erode subscription growth — a reminder that cloud transitions can take time to be rewarded by the market even with healthy backlogs building.

Manhattan Associates Navigates Retail Seasonality Risk

Retail seasonality adds a layer of execution variability that flows directly into services pacing and quarterly margin patterns. Management's quarterly margin guidance accounts for retail peak seasonality, with consolidated subscription, maintenance and services margin expected at approximately 60% in the fourth quarter. Project timing can shift and implementations can become lumpy when retail customers compress or defer decisions near peak trading periods. The Descartes Systems Group DSGX navigates similar seasonality-driven variability: Descartes reported services revenue of $180.5 million in its most recent quarter, representing 93% of total revenue, and management acknowledged a tougher operating backdrop ahead tied to geopolitical disruption and trade uncertainty that pressures customer investment timing. For MANH, that kind of customer-timing risk can cause utilization to swing quarter to quarter even when underlying demand signals remain positive.

MANH Macro and FX Volatility Can Skew Quarterly Prints

Management has flagged a volatile macro backdrop and noted that foreign exchange movements can produce non-linear impacts on reported results. FX volatility created a $5 million headwind to sequential RPO growth in first-quarter 2026.SAP reported broadly similar dynamics, with currency assumptions built into its full-year outlook and management explicitly warning that results depend on geopolitical conditions stabilizing. Manhattan's management also noted that Q1 cloud revenue benefited from one-time cloud overage fees that would not recur, implying that growth rates may not sustain at current levels in subsequent quarters. Investors should weigh results across multiple quarters rather than extrapolating any single print.

Manhattan Associates Signals What To Watch Next

Earlier this month, Manhattan began implementing a global workforce reduction of approximately 6%, citing operational efficiency gains and a desire to redirect investment toward key strategic priorities, while reaffirming its 2026 financial guidance. In May 2026, the company also unveiled Sightline decision intelligence for supply chain planning, Solution Design Studio, and the Manhattan Marketplace ecosystem — product moves that reinforce the platform's AI positioning. The Descartes Systems Group has pursued a parallel strategy, leveraging its cloud logistics network and AI-enabled compliance tools to keep services revenue sticky and recurring. Adobe faces its own execution test as investor skepticism grows around whether AI investments will offset slower growth in mature products. Across all three peers, the pattern is consistent: cloud transitions improve visibility but demand disciplined execution on services and mix. For MANH, the near-term checklist remains focused on services utilization, legacy attrition absorption and margin stability through seasonal and macro swings.

Conclusion

Manhattan Associates carries a Zacks Rank #3 (Hold), reflecting a balanced near-term picture where strong cloud momentum and raised guidance are offset by services utilization risk, ongoing legacy attrition and macro-driven quarterly variability that collectively justify a patient, monitoring posture rather than aggressive accumulation at this stage. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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SAP (XTRA:SAP) received authorization from Germany's Federal Office for Information Security (BSI) for its cloud infrastructure to handle sensitive, VS-NfD-classified government data. This authorization makes SAP the only provider in Germany with a platform that supports both SAP and customer specific applications in a high security, VS-NfD-compliant environment. In parallel, SAP is rolling out its North Star AI-native enterprise architecture, designed to embed intelligence, process context, and governance across its platform.

For readers following enterprise software, these moves touch two pressure points that matter for XTRA:SAP: trust in cloud security and clarity around AI strategy. Government and regulated-sector workloads often sit behind strict compliance walls, and BSI approval puts SAP directly into conversations where digital sovereignty is non negotiable. At the same time, an AI-native architecture signals that SAP is trying to keep its core ERP and adjacent products relevant as customers rethink long term systems roadmaps.

Looking ahead, investors will likely focus on how quickly this BSI cleared platform attracts public sector and high compliance workloads, and whether the North Star architecture translates into products that customers are willing to standardize on. For anyone tracking the stock, the key questions are practical: adoption, pricing power, and how these initiatives influence long term customer stickiness in regulated industries and large enterprises.

Stay updated on the most important news stories for SAP by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on SAP.XTRA:SAP Earnings & Revenue Growth as at Jun 2026

We've flagged 0 risks for SAP. See which could impact your investment.

Quick Assessment

✅ Price vs Analyst Target: At €154.7 against a consensus target of about €214.8, the stock trades roughly 28% below where analysts cluster. ✅ Simply Wall St Valuation: The shares are flagged as undervalued, trading about 32.6% below the platform's estimated fair value. ✅ Recent Momentum: A 30 day return of 5.8% suggests the market is already reacting to the cloud security and AI narrative.

There's only one way to know the right time to buy, sell or hold SAP. Head to Simply Wall St's company report for the latest analysis of SAP's Fair Value.

Key Considerations

📊 BSI approval and the North Star architecture put SAP in the frame for sensitive public sector workloads and AI centric refresh cycles in large enterprises. 📊 Watch how public sector contract wins, AI related product adoption, and any shift in pricing for higher security tiers show up in revenue and margins. ⚠️ The key risk is that implementation complexity or long procurement timelines slow the rate at which this security and AI positioning turns into billable usage.

Story Continues

Dig Deeper

For the full picture including more risks and rewards, check out the complete SAP analysis. Alternatively, you can check out the community page for SAP to see how other investors believe this latest news will impact the company's narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SAP.DE.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Salesforce Inc. CRM has been under heavy pressure in recent months and is now trading close to its 52-week low. As of June 9, the stock closed at $175.35, only 7.2% above its 52-week low of $163.52. The stock has lost a staggering 33.8% year to date (YTD), making it one of the weakest performers in the software space. The decline looks even more significant when compared with the broader Zacks Internet – Software industry, which has fallen 11.4% over the same period. However, investors should note that this weakness is not unique to Salesforce.

Several major software companies, including Microsoft Corporation MSFT, SAP SE SAP and ServiceNow, Inc. NOW, have also faced sharp pullbacks. Shares of Microsoft, SAP and ServiceNow have declined 16.6%, 26.3% and 30.2%, respectively, this year so far. This suggests that investors are not targeting Salesforce alone. Instead, the entire software industry is going through a valuation reset as markets reassess growth prospects in an era increasingly shaped by artificial intelligence (AI) and economic uncertainty.

Salesforce YTD Price Return PerformanceZacks Investment Research

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A major concern driving this cautious sentiment is the rapid rise of AI, particularly agentic AI. These advanced systems can perform tasks with limited human involvement, raising questions about the future of the traditional software-as-a-service (SaaS) business model. Investors worry that if companies need fewer employees to complete business processes, demand for user-based software subscriptions could eventually weaken.

At the same time, geopolitical tensions remain a concern. The ongoing conflict in the Middle East has increased uncertainty around global economic growth, while higher energy prices continue to fuel inflation worries.

Salesforce is not immune to these challenges. Because the company depends heavily on enterprise customers, any slowdown in corporate technology spending could affect new customer wins and expansion opportunities. When businesses become cautious, large software investments are often among the first expenses to be delayed.

Still, it may be premature to conclude that Salesforce's best days are behind it. The stock has been hurt by negative sentiment, but the underlying business remains far stronger than the share price performance suggests.

Enterprise Software: A Key Catalyst for CRM's Growth

Salesforce continues to hold the leading position in the global customer relationship management market, according to Gartner. However, the company is no longer just a CRM provider. Rather, it is steadily transforming itself into a broader enterprise software platform.

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Management is building an ecosystem centered on AI, data management and workplace collaboration. Large acquisitions such as Slack and Informatica reflect this long-term vision, while smaller AI-focused purchases like Doti AI and Spindle AI demonstrate Salesforce's determination to strengthen its AI capabilities quickly.

The biggest proof that this strategy is gaining traction is the Agentforce platform. During the first quarter of fiscal 2027, Agentforce's annual recurring revenues (ARR) surged 205% year over year to $1.2 billion. This rapid growth indicates that Salesforce is successfully converting AI innovation into meaningful revenues.

The momentum extends beyond Agentforce. Combined AI and data ARR, including Agentforce, Data 360 and Informatica Cloud, reached $3.4 billion in the first quarter, up 200% from the year-ago period. Half of Agentforce and Data 360 bookings came from existing customers who expanded their spending, demonstrating strong cross-selling opportunities.

This shows Salesforce is successfully monetizing its installed base, a key strength that many competitors struggle to replicate. Instead of chasing new clients aggressively, it is deepening relationships with current ones, which is often more profitable and sustainable.

CRM's Recent Results Suggest Reviving Sales Growth

One of the biggest concerns surrounding Salesforce has been slowing revenue growth. After years of strong expansion, growth had cooled to high-single-digit levels, raising the question of whether the company was entering a mature, slower-growth phase.

Recent results, however, suggest that growth may be improving again.

In the first quarter of fiscal 2027, revenues increased 13.3% year over year. While not spectacular by historical standards, the result marks a noticeable improvement and suggests demand remains healthy despite broader economic concerns.

Management also provided encouraging guidance. Salesforce expects revenue growth of 10-11% in the second quarter and approximately 11% for fiscal 2027. These growth rates may not excite investors looking for hypergrowth, but for a company of Salesforce's size, they remain solid and indicate that business momentum is far from disappearing.

Analyst projections largely support this outlook, with the Zacks Consensus Estimates pointing to similar low-double-digit revenue growth rates for both the upcoming quarter and the full fiscal year.Zacks Investment Research

Image Source: Zacks Investment Research

Salesforce's Valuation Remains Reasonable

Following the sharp decline in its share price, the stock now trades at a forward 12-month price-to-earnings (P/E) ratio of 12.00. This is substantially below the industry average of 26.61.

Salesforce Forward 12-Month P/E RatioZacks Investment Research

Image Source: Zacks Investment Research

The valuation gap becomes even more noticeable when compared with major peers, including ServiceNow, Microsoft and SAP. ServiceNow, Microsoft and SAP currently trade at forward P/E multiples of 23.66, 21.04 and 19.87, respectively.

Conclusion: Hold Salesforce Stock for Now

Salesforce is operating in a challenging environment. Concerns surrounding AI disruption, economic uncertainty and geopolitical risks are legitimate and deserve close attention.

However, the market appears to be focusing more on potential risks than on the company's strengths. Salesforce remains the leader in customer relationship management software, continues to build a compelling AI ecosystem and is showing signs of renewed revenue acceleration. At the same time, the stock trades at a valuation well below both the industry average and key competitors.

While near-term volatility may persist, the company's fundamentals do not appear broken. For long-term investors, the recent weakness looks more like a reason to stay invested than a signal to exit.

Salesforce carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

US stock futures (ES=F, NQ=F, YM=F) tick lower in Wednesday's pre-market trading after consumer prices rose 0.5% month over month and 4.2% year over year in May, according to the latest Consumer Price Index (CPI) survey.

Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at the market reaction to the inflation data, especially in the bond market (^TYX, ^TNX, ^FVX) and various commidites.

Additionally, core CPI — which excludes food and energy costs — rose 0.3% monthly and 2.9% yearly. All numbers met economists' estimates.

Video Transcript

00:00 Speaker A

Thank you, Julie. Well, we began the morning before the report risk off and so we're seeing a little bit of a change here, but let me just go straight to the charts.

00:08 Speaker A

Here's the S&P 500 futures. Here was the low uh right around 7:30 a.m. and you can see got a little bit of liftoff after the report, pairing some of those losses. Um but I think it's instructive that the market was under pressure quite a bit yesterday. We had a huge rally into the close, saved what would have been another really ugly day for tech. It wasn't pretty, but it could have been ugly.

00:27 Speaker A

Uh Nasdaq down 2/3 of a percent, Russell 2000 a little bit less than that, and the Dow off about half of 1%.

00:39 Speaker A

We'll take a quick look at what the bond market is doing, which is not much right now. This is the two-year US Treasury note future. So you can see uh almost break even here from yesterday's close, but a little bit elevated. That means that the two-year yield ticking down just a little bit. and let's get to the 10 year as well. and we can see that's just pretty much in the same camp. Uh down a little bit, which means the yield on the 10-year popping up a little bit, but nothing to write home about.

01:00 Speaker A

We'll take a look at gold futures, which have been depressed recently. You can see they were already underwater. Uh this goes back to midnight uh Eastern time, down 2.27%. A little bit of a lift off the report, but not much. Um in terms of the Fed futures, I I saw the bond market pricing in not much of a change for December. We're still expecting one rate hike in in December,

01:21 Speaker A

a little bit of a lower odd of a rate hike uh in October right now, but very little change.

01:28 Speaker A

I want to show you what's going on with the Vix. Now, the Vix opens up right around Europe, so it's been trading for several hours right now. This is the uh this is since midnight and you can see it's up to 21.88 uh 21.88.

01:41 Speaker A

This is a 10-day look at the Vix and this is last Friday's little scare where we had chip stocks really selling off hard. This was the other day, and here we are again. So it looks like the Vix is kind of turning up again.

01:54 Speaker A

Here's the year-to-date chart. Here's that big Iran war premium that we saw baked in the market. That hit what, 30, uh over 30 right there. So we're nowhere near that yet, but it looks like the Vix is uh turning up a little bit. So there's some caution that we're seeing broadcast in the market.

02:08 Speaker A

Now, if we take a look at the S&P 500 sectors, this is what happened yesterday. Real estate was in the lead up over 2%, tech was dead last. Now I'm going to put the overnight uh market chart or overnight quotes on here.

02:22 Speaker A

You can see in the pre-market, energy is up about half a percent. It's leading, then you got staples, then utilities. So that's a pretty defensive setup for those sectors that are in the green here.

02:32 Speaker A

What is not working again? That is tech. So materials and tech both changing places here. They're each down about 9/10 of a percent. and I'm going to show you our software screen. there's a lot there's a lot going on here. The background is again is what happened yesterday and those little rectangles are what's happening this morning.

02:46 Speaker A

But I just want to show you. We got a bunch of uh names on the bottom row from SAP uh all the way to Atlaan to Unity, all those down about 3, 4, 5% in the pre-market. Chips looking a little bit better, but still seeing some depressed prices. Nvidia down 1.4% in the pre-market, Taiwan semi down two, uh Micron down 1.7%.

03:07 Speaker A

I actually want to close with the futures and just take a quick look at crude oil here because crude oil, I'm going to show you a longer-term chart and I'll go to a year to date and I'll put some candlesticks on here so I can show you we are at the very bottom end or closing in on the bottom end of this trading range, which is right around $90. Now it's peaked, it's uh dipped as low as 80, which it could do again, but it's just been going sideways here.

03:31 Speaker A

And when you get to the bottom end, you got to think, we're either going to break through that, we're going to go back up and test the top. and when we go back and test the top, which it looks like it might want to do right now, that can put some additional pressure on equities.

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Blue Mountain

Latest RAM Connect release strengthens digital connectivity across maintenance, calibration, quality, validation and compliance systems for life sciences manufacturers

STATE COLLEGE, Pa., June 10, 2026 (GLOBE NEWSWIRE) -- Blue Mountain, the leader in GMP-compliant Enterprise Asset Management (EAM) software for life sciences, today announced the latest release of RAM Connect, expanding its integration ecosystem with new connectors for SAP ERP, Veeva QMS, Sware Res_Q, and ZenQMS.

RAM Connect is Blue Mountain's integration platform that enables secure data exchange between RAM and the critical systems that support GMP operations, quality, validation, calibration, and enterprise processes.   The latest RAM Connect release introduces:

SAP ERP Integration: Synchronizes asset, equipment, and operational data between enterprise resource planning and asset management processes, improving data consistency, and reducing manual effort.

Veeva QMS Integration: Connects quality events, deviations, CAPAs, and quality workflows with asset-related activities, creating greater visibility between quality and maintenance teams.

Sware Res_Q™ Integration: Streamlines computer system validation (CSV) and Computer Software Assurance (CSA) processes by enabling connected workflows between validated systems and asset management operations.

ZenQMS Integration: Provides structured exchange of quality and compliance information, helping organizations strengthen inspection readiness and regulatory compliance.

These integrations complement existing RAM Connect capabilities, including:

Kneat Integration: Connects validation lifecycle management activities with asset management processes.

Rainin Integration: Enables calibration and instrument data exchange to improve accuracy and compliance for critical measuring equipment.

Apprentice.io Integration: Provides real-time equipment readiness insights within the manufacturing execution environment by streamlining operations, supporting compliance, and enabling data-driven decision-making for batch-based manufacturing organizations.

"Life sciences manufacturers operate in increasingly complex technology environments where critical data is spread across numerous systems," said Judy Fainor, Chief Technology Officer at Blue Mountain. "This RAM Connect release expands our ability to unify information across quality, validation, calibration, ERP, and asset management systems, helping organizations eliminate silos, improve data integrity, and make better operational decisions."

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Beyond the pre-built integrations included in this release, RAM Connect provides a flexible integration framework built on modern APIs and industry-standard connectivity methods. The platform enables organizations to rapidly integrate RAM with other enterprise applications, including ERP, MES, LIMS, CMMS, quality, laboratory, and business intelligence solutions.

By creating a connected digital ecosystem, organizations can:

Eliminate duplicate data entry and manual reconciliation efforts. Strengthen data accuracy and integrity across GMP systems. Accelerate investigations and compliance activities with connected records. Gain greater visibility into asset performance, quality events, and operational risk. Enable more informed decision-making through unified data and workflows. Support digital transformation initiatives within a compliant, validated framework.

"RAM Connect is about more than integrations—it's about unlocking the value of connected data," said David Rode, Chief Executive Officer of Blue Mountain. "Our customers want a seamless flow of information across their technology landscape. By connecting asset management with quality, validation, production, and enterprise systems, we're helping life sciences organizations operate more efficiently, remain inspection-ready, and maximize the value of their technology investments."

About Blue Mountain

Blue Mountain is the leader in enterprise asset management for Life Sciences. For over 35 years, Blue Mountain has delivered innovative, high-quality solutions that ensure regulatory compliance, improve operational efficiency, and optimize equipment performance. Trusted by more than 450 life sciences companies, the Blue Mountain cloud platform supports end-to-end GMP asset management—from calibration and maintenance to validation and analytics. Blue Mountain is backed by Five Arrows, the alternative assets arm of Rothschild & Co., and Accel-KKR and is headquartered in State College, PA.

For more information, visit www.bluemountain.io and follow Blue Mountain on LinkedIn.

Media Contact

Christian Rockwell carockwell@bluemountain.io