Guggenheim Calls Time on SaaSpocalypse Fears

Software's AI Death Knell Is a Hallucination, Guggenheim Says - Salesforce (NYSE:CRM)

Guggenheim upgrades Salesforce to Buy at a $228 target, calling the market's 'SaaSpocalypse' AI fear a hallucination.

Guggenheim Calls Time on SaaSpocalypse Fears

Arguably the most bearish forecast on markets this year has been that artificial intelligence will render software stocks fossils. The “vibe coding” enabled by tools like Anthropic’s Claude Code and OpenAI’s Codex, this view holds, will serve as a metaphorical asteroid to the digital dinosaurs about to be wiped out in a SaaSpocalypse. Guggenheim analyst John DiFucci argued Wednesday that, like a chatbot’s misfired answer, this pessimistic view i…

ServiceNow and Salesforce shares now look like buys, as ‘Armageddon’ fears are too extreme, analyst says

A Guggenheim analyst says that valuations for the two software stocks are too depressed, even though the AI threat is real.

Guggenheim bets the market misread AI as an extinction event for ServiceNow and Salesforce

The dominant narrative running through enterprise software in 2026 is managed obsolescence — and for two of the category’s most visible names, ServiceNow and Salesforce, the market has already delivered a verdict. AI agents automate workflows. Workflows are what both companies sell. That verdict has been priced in. Both companies have seen valuations compress under the weight of a market that has, with increasing confidence, started treating AI …