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Pro Analysis

Top-ranked analyst: Salesforce to surge 20%

SALESFORCE CEO BENIOFF KEYNOTE
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.

"Salesforce.com is already the largest pure play cloud vendor and fourth largest enterprise software vendor, and we believe that salesforce.com 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 salesforce.com's cloud suites will generate consistent upside tension to our/consensus estimates."