Pro Analysis

Top-ranked analyst: Salesforce to surge 20%

David Paul Morris | Bloomberg | Getty Images

One of the best analysts on Wall Street told investors to buy Salesforce due to the company's market power and size in cloud software.

" is already the largest pure play cloud vendor and fourth largest enterprise software vendor, and we believe that will continue to gain share in the software market," BMO Capital Markets' Keith Bachman wrote in a note to clients Tuesday. "We believe that the combination of's cloud suites will generate consistent upside tension to our/consensus estimates."