News Formal

Tech fund manager backs these 2 software stocks will outperform in a recession

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Jeremy Gleeson, who manages a $1.5 billion tech fund, thinks two Silicon Valley giants are set to outperform.

Enterprise-software giants ServiceNow and Salesforce are set to be beneficiaries of a recession in 2023, according to tech fund manager Jeremy Gleeson. The two Silicon Valley giants sell software services that aim to make businesses' sales, customer service, and operational workflows more efficient. Gleeson, who manages the £1.

However, analysts believe they will rebound by over 50% to $200 over the next 12 months, according to FactSet. Salesforce shares closed at $130 on Wednesday. "This is a company which is more mature than it was 10 years ago. Its growth rate is lower than it was 10 years ago, but they still continue to grow," Gleeson said of Salesforce, which is 2.3% of the AXA Framlington Global Technology Fund.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

What are they

Boycott Tesla

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

What employees want in a post-Covid office space - Silicon Valley Business JournalA new study reveals what employees want from the office and how the right workplace experience can increase their effectiveness.
Källa: svbizjournal - 🏆 334. / 59 Läs mer »