Appian and GitLab Shares Surge After Guggenheim Upgrades Salesforce and ServiceNow

Analyst
โดย Yahoo Finance·Read original
Summary · why it matters

Appian and GitLab shares jumped in afternoon trading after Guggenheim analyst John DiFucci upgraded Salesforce and ServiceNow to Buy, arguing that AI-disruption fears had pushed software valuations too low. DiFucci, previously a skeptic, said he was not upgrading because of AI benefits, calling near-term AI monetization unlikely and AI risks very real, but that the worst-case scenario was already priced in with Salesforce at about 3.7 times enterprise value to recurring revenue and ServiceNow’s target at 7.5 times. The upgrades lifted the broader enterprise software group, signaling that the repricing had overshot and inviting bargain-hunting. Oracle also rose about 2% after being added to William Blair’s July Analyst Conviction List and on news of a new AI product. Appian gained 4.7% and GitLab rose 4.4%.

Impact on stocks 5

Artificial Intelligence▲ · 3 stocks
Salesforce.com Inc
CRM
▲ PositiveCapitalrelevance

Guggenheim analyst upgraded Salesforce to Buy, arguing AI-disruption fears had pushed its valuation too low at ~3.7x EV/recurring revenue.

ServiceNow Inc
NOW
▲ PositiveCapitalrelevance

Guggenheim analyst upgraded ServiceNow to Buy, citing its target at 7.5x EV/recurring revenue as undervalued despite AI risks.

Appian Corp
APPN
▲ PositiveCapitalrelevance

Appian shares rose 4.7% as Guggenheim's upgrade of Salesforce and ServiceNow lifted the broader enterprise software group, signaling oversold valuations.

Cloud & Digital Infrastructure▲ · 2 stocks
Oracle Corporation
ORCL
▲ PositiveCapitalrelevance

Oracle rose ~2% after being added to William Blair's July Analyst Conviction List and on news of a new AI product.

Gitlab Inc
GTLB
▲ PositiveCapitalrelevance

GitLab shares rose 4.4% as the upgrade of Salesforce and ServiceNow lifted the broader enterprise software group.

© 2026 MarketDXNews