Sprout Social Announces Expanded Relationship with Salesforce, Inc. (CRM)

Salesforce, Inc. (NYSE:CRM) is one of the Oversold Fundamentally Strong Stocks to Buy Now.On August 7, Sprout Social announced an expanded relationship with Salesforce, Inc. (NYSE:CRM) as the first social media management platform to develop a connection with Salesforce Digital Engagement, utilising their Bring Your Own Channel architecture. In collaboration with Salesforce, Inc. (NYSE:CRM), the company would bring social channels, such as Instagram, LinkedIn, X, Facebook Messenger, and WhatsApp, directly into Salesforce.Sprout Social Announces Expanded Relationship with Salesforce, Inc. (CRM)

A customer service team in an office setting using the company's Customer 360 platform to communicate with customers.

Salesforce, Inc. (NYSE:CRM) released its results for Q1 2026, with its current remaining performance obligation coming at $29.6 billion, reflecting a rise of 12% YoY and 11% in CC.  The company raised its FY 2026 revenue guidance to $41 billion – $41.3 billion, reflecting an increase of $400 million on the high-end due to the foreign exchange tailwinds. Furthermore, the company has reiterated its subscription and support revenue growth of ~9% YoY in constant currency. Salesforce, Inc. (NYSE:CRM)’s guidance demonstrates a consistent demand environment.

Diamond Hill Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said:

“As volatility picked up sharply in the quarter, we were active in the portfolio — and we anticipate that as volatility continues into Q2, we will likewise attempt to capitalize on compelling opportunities to reposition the portfolio for the period ahead. Among the new positions we initiated in Q1 were long positions in Salesforce, Inc. (NYSE:CRM) and Capital One, as well as short positions in Matson and eBay.

While we acknowledge the potential of CRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Story Continues

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.

View Comments