Markets and Business News Review

Eli Lilly (LLY) Stock Price Prediction and Forecast 2025-2030

Joel South — Tue, 10 Sep 2024 11:07:29 -0400

Since the start of 2020, Eli Lilly’s (NYSE: LLY) stock price chart has been straight up and to the right, up 589.77% and currently trading at $911.95.

The company has been around since 1876 and the stock didn’t go public until 1952 but in the last 4 years, Eli Lilly went from a $100 billion market capitalization to $740 billion today, which also makes it a potential stock split stock.

However, as investors, we care about the stock price years down the line and what Eli Lilly will do in the next 3 to 5 years and beyond.

That is why 24/7 Wall Street looks at projected revenue and net income to give you our best estimate of future stock prices from 2025 to 2030.

Other “experts” look at past growth rates and assign future stock prices to those past numbers. However, we will walk you through our assumptions and give you the key drivers we see propelling Eli Lilly’s stock in the future.

Recent Eli Lilly Stock Updates and News

9/9/2024

Eli Lilly has appointed Lucas Montarce as executive vice president and chief financial officer, effective immediately, after a distinguished 23-year career with the company.

9/6/2024

Eli Lilly has partnered with the AI-driven drug discovery startup company, Genetic Leap. The partnership centers on developing new drugs, particularly those targeting RNA, which attempt to treat diseases at their genetic roots.

The deal is valued at $409 million, with Genetic Leap receiving upfront payments, milestone payments, and tiered royalties. The aim is to expedite the drug development process by leveraging Genetic Leap’s AI technology, which helps to identify and address challenging drug targets that are difficult to treat with conventional methods.

9/5/2024

Eli Lilly announced positive results from two phase 3 clinical trials (QWINT-1 and QWINT-3), which evaluated a new once-weekly insulin called efsitora alfa (efsitora) for adults with type 2 diabetes. These results suggest that efsitora could be a promising new treatment option for people with type 2 diabetes who need insulin. If approved, efsitora would offer the convenience of once-weekly dosing compared to the daily injections of traditional insulin.

9/4/2024

Eli Lilly has joined forces with QIAGEN to develop a test called QIAstat-Dx to detect APOE genotypes, which are related to Alzheimer’s disease. If this test is successful, it will be the first commercially available test for APOE genotyping.

9/3/2024

Novo Nordisk is experiencing a shortage of its diabetes drug, Ozempic, which is projected to persist into the fourth quarter. This is good news for Eli Lilly, which recently announced that supply constraints for Mounjaro and Zepbound have begun to ease.

Eli Lilly’s Recent Stock Success

How did Eli Lilly’s stock price soar so much in the past few years? Let’s take a look at the numbers:

	Share Price	Revenues*	Net Income*
2016	$80.36	$21.22	$2.74
2017	$77.55	$19.94	($0.21)
2018	$122.13	$21.49	$3.23
2019	$140.83	$22.32	$8.32
2020	$206.46	$24.54	$6.19
2021	$238.31	$28.32	$5.58
2022	329.07	$28.54	$6.25
2023	$745.91	$34.12	$5.24

*Revenue and Net Income in Billions

Since 2016, Eli Lilly’s revenue grew by 60% but income grew by 91%. Typically you wouldn’t expect a company growing at its top line by 7% annually to see an 828% increase in share price, however, investor sentiment for the next line of drugs front ran the stock price.

For example, in 2016 Eli Lilly was trading 13 times the trailing 12 months earnings and the market has increased its valuation each year and currently trades at a 125 times earnings multiple.

This raises the valid question, is Eli Lilly overvalued or will future revenues make up for the expensive valuation?

3 Key Drivers of Eli Lilly Stock

Innovated Drug Pipeline: The current drug pipeline is loaded with several very high-potential drugs in development. Mounjaro, Zepbound, and Jardiance in the cardiometabolic category, Taltz in immunology, and Verzenio in oncology are the future of Eli Lilly’s growth. While the aforementioned are the safer bets, the company has a handful of other drugs that could hold blockbuster potential.
Strategic Acquisitions: The acquisition of Morphic, with its promising drug candidate MORF-057, is a testament to Lilly’s strategic vision. This drug, if successful in late-stage trials, could become a major success in the treatment of inflammatory bowel disease (IBD). Lilly’s focus on acquiring mid-sized companies (13 since 2020) with promising pipelines has bolstered its own research and development efforts, positioning it well for future growth.
Operational Efficiency: With a sound balance sheet, Eli Lilly should continue to improve operational efficiency and manage costs to have net income growth rates above revenue growth.

Eli Lilly (LLY) Stock Price Prediction in 2025

The current Wall Street consensus 1-year target of Eli Lilly stock is $898, which is 1.53% lower than today’s price of $911.95. Of the 26 analysts covering Eli Lilly stock, the current rating is 1.71 or “Outperform” with 1-year price targets as high as $1,100 and as low as $540.00.

24/7 Wall Street sets its 1-year price target at $1,040. Taking a look at the sum of its parts, we see Eli Lilly’s vertices valued as follows:

Endocrinology	$735/ share
Oncology	$122/ Share
Cardiovascular	$4/ Share
Neuroscience	$16/ Share
Immunology	$38/ Share
Others and Pipeline	$110/ Share
Cash	$17/ Share

Eli Lilly’s Share Price Estimates 2025-2030

Valuing Eli Lilly’s stock price for the coming years, we will take a look at expected revenue and net income and give our best estimate of the market value of the company by assigning a price-to-earnings multiple.

	Revenue	Net Income	EPS
2025	$52.8	$17.29	19.11
2026	$62.5	$22.49	25.03
2027	$70.87	$27.12	30.39
2028	$80.68	$32.2	25.97
2029	$87.99	$36.45	40.58
2030	$96.67	$41.12	46.29

*Revenue and net income reported in billions

How Eli Lilly’s Next 5 Years Could Play Out

We expect Eli Lilly’s P/E ratio in 2025 to be 60 with an EPS of $19.11, resulting in a price target of $1140.00 This prediction is based on strong revenue growth of 18.37% to $52.80 billion and net income expansion to $17.29 billion, continuing the upward trajectory from previous years.

For 2026, we anticipate a P/E ratio of 50 with an EPS of $25.03, leading to a price target of $1251.50. This reflects significant revenue growth of 18.37% to $62.50 billion and an increase in net income to $22.49 billion, driving higher earnings per share.

Heading into 2027, we project the P/E ratio to remain at 50, with EPS increasing to $30.39. This results in a price target of $1519.50. Continued revenue growth of 13.39% to $70.87 billion and net income expansion to $27.12 billion justifies this substantial increase in stock price.

With an EPS of $25.97 and a P/E ratio of 50 in 2028, we forecast the stock price to be $1298.50. A slight dip in EPS growth is expected, but sustained strong performance in net income to $32.20 billion and revenue growth of 13.84% to $80.68 billion keeps the stock highly valued.

By 2029, we estimate Eli Lilly’s EPS to rise to $40.58, with the P/E ratio adjusting to 40. This gives us a price target of $1623.20. The continuous revenue growth of 9.06% to $87.99 billion and net income expansion to $36.45 billion supports this higher valuation.

Eli Lilly Stocks Price Target for 2030

Price Target: $1850.00
Upside: 102.86%
By 2030, we estimate Eli Lilly’s EPS to rise to $46.29, with the P/E ratio adjusting to 40. This gives us a price target of $1851.60. The continuous revenue growth of 9.86% to $96.67 billion and net income expansion to $41.12 billion supports this higher valuation.

Year	Price Target	% Change From Current Price
2025	$1140.00	Upside of 25.01%
2026	$1250.00	Upside of 37.07%
2027	$1520.00	Upside of 66.68%
2028	$1300.00	Upside of 42.55%
2029	$1623.00	Upside of 77.97%
2030	$180.00	Upside of 102.86%

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The post Eli Lilly (LLY) Stock Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..

Goldman Sachs CEO says bond and currency trading is down 10% in the current quarter from a year ago

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Rivian (RIVN) Price Prediction and Forecast 2025-2030

Joel South — Tue, 10 Sep 2024 11:02:40 -0400

Electric vehicle maker Rivian Automotive (NASDAQ: RIVN) IPO’ed in November 2021 and immediately made a splash with its stock price skyrocketing to $180 in just its first week of trading.

The cash infusion was a much-needed lifeline for Rivian, with $3.7 billion in operating expenses in 2021 and only delivering 920 vehicles. The company also had backers in Amazon (NASDAQ: AMZN) and Ford (NYSE:F), who held 260 million shares of Rivian collectively at IPO.

But as the COVID lockdown investing frenzy died out, it left an SUV-sized hole in Rivian’s stock price, currently trading for $13.18 per share, down 83.10% since its IPO 3 years earlier.

24/7 Wall Street aims to provide readers with our assumptions about the stock prospects going forward, what growth we see in Rivian for the next several years, and what our best estimates are for Rivian’s stock price each year through 2030.

Key Points in this Article:

Key growth drivers include cost reduction in EV components and increased production capacity, targeting profitability by 2027.
Rivian aims to cut material costs by 45% with the introduction of its Gen 2 platform by 2026.
If you’re looking for a megatrend with massive potential, make sure to grab a complimentary copy of our “The Next NVIDIA” report. The report includes a complete industry map of AI investments that includes many small caps.

Recent Rivian Stock Updates and News

9/9/2024

Volkswagen’s $5 billion joint venture with Rivian to develop software for both companies has caused unrest within VW’s software division, Cariad, which has been struggling with budget overruns and delays. This partnership highlights the shift in focus from hardware to software in the auto industry, while raising concerns among employees and union leaders over governance, the division’s future, and VW’s ability to adapt to modern consumer demands.

9/6/2024

In a recent interview on the “Grit” podcast, Rivian CEO RJ Scaringe acknowledged that Telsa has been a significant source of inspiration for Rivian. However, he explained that it was important for Rivian to differentiate from Tesla, particularly in terms of product offerings and market positioning. Early on Scaringe made the intentional decision to shift away from a sports car focus, aiming to create a unique identity and contribute to a broader shift in sustainable transportation.

9/5/2024

Rivian will be participating in Morgan Stanley’s 12th Annual Laguna Conference on September 11th. The company’s CEO RJ Scaringe will discuss the company’s strategies and outlook, which will also be available in a live webcast.

9/3/2024

Earlier this year, Volkswagen committed to investing up to $5 billion in Rivian, starting with an initial $1 billion. However, some investors are wary after Elon Musk — CEO of Rivian’s competitor, Tesla — expressed his own doubts about the endeavor.

9/3/2024

The EV market has been facing many challenges recently, and investing in EV stocks can be risky due to intense competition. However, Rivian’s stock is currently rated highly by analysts. Based on 23 reviews, it has an average brokerage rating of 2.00 with 12 analysts rating Rivian as a “Strong Buy”.

Life and Business are Not Easy For an Automotive Start-Up

The following is a table of Rivian’s revenues, operating income, and share price for the first few years as a public company.

Here’s a table summarizing performance in share price, revenues, and profits (net income) from 2014 to 2018.

	Share Price (End of Year)	Revenues	Operating Income
2021	$50.24	$55.0	($4,220.0)
2022	$19.30	$1,658.0	($6,856.0)
2023	$10.70	$4,434.0	($5,739.0)
TTM	$15.35	$4,997.0	(5,790.0)

Revenue and net income in $millions

Now let’s take a look at Tesla in the first few years it manufactured and sold the Model S (the official launch of the Model S was June 22, 2012).

	Share Price (End of Year)	Revenues	Operating Income
2011	$2.24	$204.2	($251.5)
2012	$2.25	$413.3	($394.3)
2013	$16.87	$2,013.5	($61.3)
2014	$13.81	$3,198.4	($186.7)

While revenue growth for both firms after launching their first mass-market vehicles is similar, Tesla’s operating expenses were much more favorable, particularly around SG&A and R&D expenses.

Elon Musk, Tesla’s CEO, has always been a proponent of word-of-mouth marketing and a hawkish approach to minimizing product costs, allowing his company to stay afloat while moving to new lines of automobiles.

The biggest question facing Rivian investors today is, can they lower costs, and when will positive net income be realized?

Key Drivers of Rivian’s Future Stock Performance

EV Technology and Cost Curves: Rivian’s next generation (G2) R1 vehicles are designed for performance upgrades while at the same time reducing component costs. For example, the number of electronic components will be reduced by 60%, over 60 parts will be eliminated, the compact motor will be redesigned, and close to 2000 connections or welds will be removed. These changes alone are expected to drop materials costs by 20% and speed up the assembly line by 30%. Looking into the back half of 2026, Rivian sees a material cost reduction of 45% for the R2 line of vehicles. Rivian is also investing in enhanced advanced driver assistance systems with improved cameras, radar, and NVIDIA-powered computing power, creating highway assist and 360-degree visibility.
Electric Vehicle Demand and Incentives: Rivian is currently delivering around 13 thousand vehicles per quarter, which is above analyst estimates, and producing 9 thousand new G2 vehicles per quarter, which keeps it on pace to produce 57,000 units in 2024. The total plant capacity is 215,000 vehicles with expansion plans of 400,000 additional vehicles in Georgia.
Management’s Path to Profits: Rivian also expects profitability from the R1 platform through premium configurations and scale benefits. The company targets positive adjusted EBITDA by 2027, with long-term goals of 25% gross margin, high teens adjusted EBITDA margin, and 10% FCF margin
- Material cost Reduction: The introduction of the Gen 2 platform and commercial cost downs are expected to reduce material costs by ~20%.
- Fixed Cost Reduction: Improved labor and overhead costs, reduced depreciation, and lower LCNRV charges due to a 30% increase in production line rate and design changes.
- Increased Revenue from Credits: Strong demand for regulatory credits, with over $200 million contracted for FY24.

Rivian (RIVN) Stock vs. Tesla Stock: Why Rivian Receives Different Treatment

Taking a historic look at pricing Rivian stock would start by comparing the sales multiples Tesla received in 2012 to 2015 when the Model S scaled. Tesla was feeling the weight of expansion and keeping its debt load manageable and the market-priced Tesla stock was close to 10x sales.

While Rivian is in a similar situation, albeit with more debt and higher expanses, the market is only valuing the stock at under 3 times sales. Let’s take a look at why that is the case.

Market Position and Brand Recognition:
- Tesla: By 2011-2015, Tesla had already established itself as a leading innovator in the electric vehicle (EV) market, with significant brand recognition and a first-mover advantage.
- Rivian: Rivian is relatively new to the market and still building its brand and market position.
Production and Sales Volumes:
- Tesla: From 2011-2015, Tesla ramped up production and sales, particularly with the Model S, which was gaining popularity and market traction.
- Rivian: Rivian is still in the early stages of production, with limited sales volumes compared to Tesla’s growth phase.
Investor Expectations and Sentiment:
- Tesla: Investors had high expectations for Tesla’s future growth and disruptive potential in the auto industry, leading to higher valuation multiples.
- Rivian: While Rivian has potential, it has not yet demonstrated the same level of market disruption or growth trajectory that Tesla did during its comparable early years.
Competitive Landscape:
- Tesla: Had fewer direct competitors in the EV space during its early years, allowing for a larger market share and higher investor confidence.
- Rivian: Faces more competition from established automakers entering the EV market and other new entrants, impacting its relative valuation.

Rivian(RIVN) Stock Forecast Through 2030

Year	Revenue	Shares Outstanding	P/S Est.
2025	$6,680.64	978 mm	2x
2026	$10,675.45	978 mm	2x
2027	$16,491.69	978 mm	2.5x
2028	$25,124.38	978 mm	2.5x
2029	$37,538.90	978 mm	2.5x
2030	$49,394.84	978 mm	2.75x

Revenue in $millions

Rivian Share Price Estimates 2025-2030

How Rivian’s Next 5 Years Could Play Out

Wall Street analysts have Rivian’s stock price over the next year to be $17.54 which gives the stock a 33.08% upside over today’s price. Of the 28 analysts covering the stock, the consensus recommendation is a 2.1 ‘Outperform’ Score.

We expect to see strong revenue growth of 60% for 2025 and a price-to-sales multiple of 2x, which puts our price target at $21.82.

Going into 2026, we estimate the price to be $33.72, with another strong 50%+ revenue bump. However, with EBITDA still well in the negative, we see the market not rewarding the stock as much and giving it a lower valuation multiple.

Heading into 2027, we expect the stock price increase to leap forward to $64.30 with another strong 50%+ revenue growth year-over-year. That is a 97% year-over-year gain and up 387.87% from today’s stock price.

When predicting more than 3 years out, we expect Rivian’s P/S ratio in 2028 to be 2.5x and top line growth of 50%. In 2028, we have Rivian’s revenue coming in around $25 billion, suggesting a stock price estimate at $95.00 or a gain of 620.81% over the current stock price.

24/7 Wall Street expects Rivian’s stock to continue its revenue growth and to generate $37 billion in revenue. The stock price in 2029 is estimated at $127.00, or a gain of 863.60% over today’s price.

Rivian Stocks Price Target for 2030

We estimate Rivian’s stock price to be $140.00 per share. Our estimated stock price will be 962.24% higher than the current stock price of $13.18.

Year	Price Target	% Change From Current Price
2024	$17.51	Upside of 32.86%
2025	$22.00	Upside of 66.92%
2026	$34.00	Upside of 157.97%
2027	$64.00	Upside of 385.60%
2028	$95.00	Upside of 620.81%
2029	$127.00	Upside of 863.60%
2030	$140.00	Upside of 962.24%

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Microsoft (MSFT) Price Prediction and Forecast 2025-2030

Joel South — Tue, 10 Sep 2024 10:54:59 -0400

Everyone knows Microsoft (NASDAQ: MSFT) and its best-known products, including the Windows operating system and Microsoft 365 suite of productivity apps, but its growing cloud computing platform, Azure, is the future of the company.

Microsoft stock has been a millionaire maker for decades, with a stock split-adjusted IPO price of $0.14, which means at today’s stock price of $407.21, the stock is up 418409.76%. That would have turned a $1000 investment at Microsoft’s IPO into $4.19 million today.

As one of the most valuable companies in the world, the only thing investors focus on is what the stock will do over the coming years. Wall Street analysts only go as far as 1 year out when giving a stock prediction. But long-term investors want to know where Microsoft might be several years down the road.

24/7 Wall Street aims to give you our assumptions on the stock and provide our insights around the numbers coming from Microsoft and which markets the company is operating in that are most exciting to us.

Key Points in this Article:

Key growth drivers: Azure cloud services, productivity software, and LinkedIn dominate Microsoft’s future potential.
Microsoft’s acquisition of Activision boosts its gaming segment, enhancing its competitive edge in the personal computing market.
If you’re looking for an AI stock early in the AI growth cycle, grab a complimentary copy of our “The Next NVIDIA” report. It has a software stock that could ride dominance in AI to returns of 10X or more.

Recent Microsoft Stock Updates and News

9/9/2024

Microsoft’s valuation has nearly tripled in the last three years, hitting $3 trillion, but its stock has fallen over 12% since July 2023 and is underperforming the S&P 500 year-to-date. Despite impressive revenue growth of 15% and earnings per share of $2.95 in the last quarter, investors are concerned about slowing growth in its Azure cloud platform

9/6/2024

Microsoft’s stock closed at $408.39 yesterday and fell by 0.9% on today after an insider sold shares in the company. The lowest price it reached during the day was $404.60, and the last price it traded at was $404.73.

9/5/2024

Microsoft’s recent AI push, while facing competition and regulation, could fuel future growth for the company. Despite its modest stock performance of an 8.8% YTD gain, successful AI integration across Microsoft products could open new revenue streams and strengthen the company’s market position.

9/4/2024

Microsoft recently acquired employees from Inflection AI, which raised concerns in the UK about potential competition issues. After a month-long investigation, however, the UK’s Competition and Markets Authority (CMA) decided that Microsoft had done nothing wrong and the deal can now proceed forward.

9/3/2024

Microsoft is bringing the popular anime-style RPG, Genshin Impact, to Xbox in November. The game will be available on Xbox Game Pass and features tight combat, impressive visuals, and a large, high-quality storyline.

Microsoft has also appointed Vaishali Kasture, a former AWS executive, as the New General Manager of its SMC business in India and South Asia, strengthening the company’s position in the competitive cloud computing market.

Microsoft’s 10-Year Market Smashing Results

Here’s a table summarizing performance in share price, revenues, and profits (net income) from 2014 to 2018.

	Share Price	Revenues	Net Income
2014	$46.16	$86.83	$22.07
2015	$46.70	$93.58	$12.19
2016	$56.21	$91.15	$20.54
2017	$72.26	$96.57	$25.49
2018	$108.04	$110.36	$16.57
2019	$138.06	$125.84	$39.24
2020	$205.01	$143.02	$44.28
2021	$286.50	$168.09	$61.27
2022	$276.41	$198.27	$72.74
2023	$330.72	$211.92	$72.36
TTM	$465.39	$279.99	$86.18

Revenue and net income in $billions

In the last decade, Microsoft’s revenue grew 222% while its net income went from $22.07 billion to over $86 billion (in the trailing 12 months). A big driver of profits over the past decade was Microsoft’s Intelligence cloud business, which grew 18% annually and drove operating profits of $37.88 billion in 2023 from $8.44 billion in 2014.

As Microsoft looks to the second of the decade, a few key areas will determine its performance.

Key Drivers of Microsoft’s Stock Performance

Productivity and Business Processes: Microsoft’s Office and Dynamics 365 solutions and its LinkedIn products currently make up around one-third of the company’s revenue. Office in particular holds a near monopoly in office productivity software and most 3rd party applications have embeds, making switching costs high for this business line. LinkedIn also does not have a solid competitor in the professional networking space. High growth rates in this segment, but Microsoft has the advantage of controlling its price on its high market share products.
Intelligence Cloud: Microsoft’s Azure, OpenAI, GitHub, and SQL, among other cloud businesses, make up close to half of the company’s revenue. But the crown jewel is Azure which only makes up close to 30% of Microsoft’s revenue and grew 30% over the past year alone. The future of Microsoft will depend on Azure and its competition with Amazon’s (NASDAQ: AMZN) AWS will determine which company will dominate the Platform-as-a-Service (PaaS) and reward shareholders handsomely in the process.
Personal Computing: Windows, gaming, search, and devices are currently 25% of Microsoft’s business and this segment is the most open to competitors eroding market share. Outside of Windows, which has a solidified market share (and is not likely to dwindle), Microsoft search and devices will be facing a steep uphill battle over the coming years. Its acquisition of Activision is a positive for its gaming line but personal computing will play an ancillary part in Microsoft’s future.

Microsoft (MSFT) Stock Price Prediction in 2025

The current consensus 1-year price target for Microsoft stock is $480.90, which is an 18.10% upside from today’s stock price of $407.21. Of all the analysts covering Microsoft, the stock is a consensus buy, with a 1.33 “Buy” rating.

24/7 Wall Street’s 12-month forecast projects Microsoft’s stock price to be $495. We see Azure continuing its 20+% growth and earnings per share coming in right at $11.80.

Microsoft (MSFT) Stock Forecast Through 2030

Year	Revenue	Net Income	EPS
2024	$244.97	$88.93	$13.32
2025	$278.00	$99.25	$15.67
2026	$321.63	$115.65	$18.10
2027	$370.79	$136.81	$20.40
2028	$416.08	$151.87	$22.62
2029	$453.39	$166.56	$25.45
2030	$503.13	$181.71	$28.70

Revenue and net income in $billions

Microsoft Share Price Estimates 2025-2030

How Microsoft’s Next 5 Years Could Play Out

We expect to see revenue growth of just over 8% and EPS of $15.67 for the year. We expect the stock to still trade at a similar multiple next year, putting our estimate for the stock price for Microsoft at $548.00 in 2025, which is 34.57% higher than the stock is trading today.

Going into 2026, we estimate the price to be $633.00. This represents a 55.45% gain over today’s share price of $400.07. We anticipate modest revenue gains offset by expanding margins and an EPS of $18.10, with Microsoft’s P/E ratio gradually declining through 2030.

Heading into 2027, we expect the stock price increase not to be as pronounced and earnings estimates of $20.40 per share, the stock price target for the year is $652.00. That is a 3% year-over-year gain from the previous year, but still up 60.11% from today’s stock price.

When predicting more than 3 years out, we expect Microsoft’s P/E ratio to drop 30x in 2028 but grow its top line by 14%. In 2028, we have Microsoft’s revenue coming in around $420 billion and an EPS of $22.62 suggesting a stock price estimate at $678.00 or a gain of 66.50% over the current stock price.

24/7 Wall Street expects Microsoft to continue its 10% revenue growth again and to generate $12.30 per share of earnings. With a price-to-earnings multiple of 35, the stock price in 2029 is estimated at $687.00, or a gain of 68.71% over today’s price.

Microsoft Stocks Price Target for 2030

We estimate Microsoft’s stock price to be $717.00 per share with a sub-10 % year-over-year revenue growth. Our estimated stock price will be 76.08% higher than the current stock price of $407.21.

Year	Price Target	% Change From Current Price
2024	$495.00	Upside of 21.56%
2025	$548.00	Upside of 34.57%
2026	$633.00	Upside of 55.45%
2027	$652.00	Upside of 60.11%
2028	$678.00	Upside of 66.50%
2029	$687.00	Upside of 68.71%
2030	$717.00	Upside of 76.08%

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Amazon Stock (AMZN) Price Prediction and Forecast 2025-2030

Joel South — Tue, 10 Sep 2024 10:50:53 -0400

Outside of NVIDIA’s (NASDAQ: NVDA) recent share price going stratospheric, Amazon (NASDAQ: AMZN) has been a Wall Street darling since the company IPO’d in May 1997 at a split-adjusted price of $.07.

Today, Amazon stock trades for $176.25, which means that stock is up over 180484.02% since May 1997, turning every $1000 invested into $1.806 million today.

The only thing that matters from this point on is what the stock will do for the next 1, 5, and 10 years and beyond. Let’s crunch the numbers and give you our best guest on Amazon’s future share price. No one has a crystal ball and even the Wall Street “experts” are often wrong more than they are right in predicting future stock prices. We will walk through our assumptions and provide you with the story around the numbers (other sites just pick a share price without explaining why they suggest the price they do).

Key Points in this Article:

Future stock performance hinges on Amazon’s growth in e-commerce, AWS, and advertising amidst increasing competition.
Amazon’s revenue grew 540% in the last decade, with net income rising to $30.42 billion in 2023 and projections over the next 5 years at 4.5x.
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Recent Amazon Stock Updates and News

9/9/2024- Amazon stock opened Monday 1.78% higher after a steep drop this past Friday due to a poor jobs report stating only 142,000 nonfarm jobs were added, which was below the estimated 160,000 jobs.
9/6/2024- Amazon’s stock price closed at $177.89 yesterday and fell by 2% today. The lowest price it reached during the day was $173.90, and the last price it traded at was $174.30.
9/5/2024- Due to the strength of its AWS business, Amazon’s stock has outperformed its major cloud competitors, Microsoft and Google. The company has also been at the forefront of the AI revolution, investing heavily in generative AI technologies. However, the company’s e-commerce operations have faced challenges, including changing consumer spending habits and foreign exchange fluctuations. But analysts are bullish on Amazon’s future, particularly due to its growing digital ad business and strong cloud computing.
9/4/2024- Amazon announced that WPP and Omnicom Media Group (OMG) have been chosen to handle its media account. The two companies will split the account geographically, with OMG overseeing operations in the Americas and WPP managing EMEA and APAC.
9/3/2024- This past weekend Amazon hired three key people from Covariant, a startup specializing in warehouse robot AI. Pieter Abbeel, Peter Chen, and Rocky Duan, who previously worked at OpenAI, are joining Amazon’s robotics division, along with a quarter of Covariant’s team. In addition, Amazon will also now license Covariant’s core AI models non-exclusively to boost their own warehouse robots.

Amazon’s Recent Stock Success

Here’s a table summarizing performance in share price, revenues, and profits (net income) from 2014 to 2017.

	Share Price	Revenues*	Net Income*
2014	$19.94	$89.0	($.241)
2015	$15.63	$107.0	$.596
2016	$32.81	$136.0	$2.371
2017	$37.90	$177.9	$3.03
2018	$58.60	$232.9	$10.07
2019	$73.26	$280.5	$11.59
2020	$93.75	$386.1	$21.33
2021	$163.50	$469.8	$33.36
2022	$167.55	$514.0	($2.72)
2023	$85.46	$574.78	$30.42

*Revenue and Net Income in Billions

In the last decade, Amazon’s revenue grew about 540% while its net income moved from losing money to 30.42 billion in profits this past year. The ride up wasn’t always smooth, however. For example, in 2020, sales jumped 38%, and net income nearly doubled. 2021 saw a continued boom as people moved to e-commerce shopping during Covid. However, all those sales being “pulled forward” led to challenges in 2022, and the company swung to a surprise loss. As Amazon embarks into the back half of the decade, a few different key areas will determine its performance.

3 Key Drivers of Amazon’s Stock Performance

E-Commerce Success: While Covid brought record sales to Amazon, it also led to many competitors investing heavily to compete with Amazon online. While e-commerce is still just 15% of retail sales, putting up huge growth rates in online sales won’t be as easy in the coming years as it was a decade ago.
Amazon Web Services: Amazon Web Services 1st quarter 2024 revenue was $25.04 billion and the unit should break $100 billion in total sales this year. However, the unit’s 13% year-over-year growth isn’t as fast as competing cloud services like Microsoft’s (Nasdaq: MSFT) Azure and Google’s (Nasdaq: GOOGL) Cloud. Amazon is at risk of falling behind Microsoft before 2030 if it can’t stop market share losses.
Advertising: Amazon exits 2023 with a $47 billion advertising business that grew 24% in 2023. Advertising has the ability to be another high-margin business line – Amazon currently gets most of its profits from its AWS cloud business – which has led the company past $100 billion in annual profits.

Amazon (AMZN) Stock Price Prediction in 2025

The current consensus 1-year price target for Amazon stock is $218.23, which is a 23.82% upside from today’s stock price of $176.25. Of all the analysts covering Amazon, the stock is a consensus buy, with a 1.32 “Buy” rating.

24/7 Wall Street’s 12-month forecast projects Amazon’s stock price to be $225. We see AWS continue its current 12% growth rate but see Amazon’s advertising business outperforming analyst expectations, particularly in the 4th quarter of 2024 with more streaming ad impressions being sold.

Amazon (AMZN) Stock Forecast Through 2030

AWS: Assuming AWS stems its market share loss and investments in AI to counterbalance the threat from Microsoft and Google.
E-Commerce: Amazon continues to pour investments into e-commerce, forgoing added profits to maintain market share. Our case model assumes growth in new logistics and efficiencies from robotics in warehouses leads to this unit finally delivering strong operating profits.
Advertising: Amazon’s advertising continued to grow and the now $47 billion business unit and we see a high teens growth rate compounded annually.

Add all these numbers up and take out some amount for “new bets” the company will surely be investing in (and a potential dividend boost)and we see revenue in 2030 at $1.15 trillion and $131 billion in net income. Today, the company trades for about 50X earnings, which we’ll take down to 35 times as the company matures (but continues showing growth). In our analysis, Amazon is worth $2.6 trillion in 2030. Here are our revenue, net income, and company size estimates through 2030:

	Revenue	Net Income	Total Enterprise Value
2024	$638	$48.56	$1.93
2025	$710	$62.13	$2.12
2026	$788	$79.68	$2.19
2027	$867	$96.53	$2.29
2028	$957	$114.17	$2.39
2029	$1,049	$136.69	$2.5
2030	$1,149	$131.39	$2.6

*Revenue and net income reported in billions and TEV in trillions

Amazon’s Share Price Estimates 2025-2030

How Amazon’s Next 5 Years Could Play Out

We expect to see revenue growth of just over 11% and EPS of $5.74 for the year. We expect the stock to still trade at a similar multiple next year, putting our estimate for the stock price for Amazon at $287 in 2025, which is 62.84% higher than the stock is trading today.

Going into 2026, we estimate the price to be $371, after revenue estimates to come in around 10% higher year-over-year. With an EPS of $7.42 and in our opinion the last year Amazon trades near its current P/E of 50, 2026 could mark the year Amazon starts trading at a more mature valuation closer to 35 times earnings. That would represent a 110.50% gain over today’s share price of $176.25.

Heading into 2027, we expect the stock price increase not to be as pronounced as more tempered growth is expected from Amazon and even with earnings estimates of $8.80 per share, the stock price target for the year is $308.00. That is a 17%-year hit from the previous year, but still up 74.75% from today’s stock price.

When predicting more than 3 years out, we expect Amazon to continue growing its top line at 10% but be more efficient and operating margins to grow. In 2028, we have Amazon’s revenue coming in around $957 billion and an EPS of $10.34 suggesting a stock price estimate at $361.90 or a gain of 105.33% over the current stock price.

24/7 Wall Street expects Amazon to continue its 10% revenue growth again and to generate $12.30 per share of earnings. With a price-to-earnings multiple of 35, the stock price in 2029 is estimated at $430.50, or a gain of 144.26% over today’s price.

Amazon Stocks Price Target for 2030

We estimate Amazon’s stock price to be $370 per share with 10% year-over-year revenue growth but compressed margins from more competition in its AWS unit. Our estimated stock price for Amazon will be 110.30% higher than the current stock price, marking a double in Amazon’s stock price today of $176.25.

Year	Price Target	% Change From Current Price
2024	$226.50	Upside of 28.51%
2025	$287.00	Upside of 62.84%
2026	$371.00	Upside of 110.50%
2027	$308.00	Upside of 74.75%
2028	$361.90	Upside of 105.33%
2029	$430.50	Upside of 144.26%
2030	$370.65	Upside of 110.30%

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Southwest Airlines overhauls board after Elliott meeting

Tue, 10 Sep 2024 10:44:24 -0400

Apple owes €13 billion in back taxes as long-running dispute ends

Steve Goldstein — Tue, 10 Sep 2024 10:42:00 -0400

The European Court of Justice on Tuesday ruled that Apple owed €13 billion ($14.3 billion) in back taxes over what it said was illegal state aid from Ireland.

Meta is one of the cheapest big tech stocks, and that earns it a new ‘buy’ call

Ciara Linnane — Tue, 10 Sep 2024 10:41:00 -0400

Meta is poised to be an open-source leader for the next two major tech platforms, say analysts.

Fed cuts proposed capital requirement hike for largest US banks in half

Tue, 10 Sep 2024 10:31:39 -0400

US central bank bows to pressure from Wall Street and Congress

Coca-Cola (KO) Price Prediction and Forecast

Joel South — Tue, 10 Sep 2024 10:24:38 -0400

According to World Population Review, Coca-Cola is the world’s most popular branded drink. WPR cites: “It is not only the most popular soft drink in the United States, but also the most popular soft drink on the planet. Even though the can has gone through a few changes over the years, it still retains its same, delicious formula. There is even a Coca-Cola factory in Atlanta where people can take a tour and learn how Coca-Cola is produced today and how it has evolved over the years.”

Pharmacist Dr. John Pemberton created the Coca-Cola syrup recipe, circa 1886, and it remains one of the most highly protected trade secrets in history.

In addition to its iconic Coke Classic, The Coca-Cola Company (NYSE: KO) has drastically expanded its menu of selections over the decades to include other popular brands, such as Sprite, Fresca, Smart Water, Dasani Water, Minute Maid lemonade and juices, Barq’s Root Beer, Monster Energy Drinks, Seagram’s Ginger Ale, teas, and many others, totalling over 300.

Stock history

Coca-Cola holds a large position in the Berkshire Hathaway portfolio, thanks to Coke Classic becoming Warren Buffett’s favorite drink after decades of being a Pepsi drinker.

Coca-Cola continues to be an institutional investor favorite, with Warren Buffett and Berkshire Hathaway a longtime fan and major shareholder. According to some accounts, Buffett’s affinity for Coke Classic extends to it being readily available throughout Berkshire’s offices, and this is after decades of being a Pepsi drinker. It has maintained a solid 4.98% CAGR over the past 5 years, and continued to stay ahead of rivals Keurig Dr. Pepper (NASDAQ: KDP) and PepsiCo (NASDAQ: PEP).

Underlying recent events

With an eye toward expanding its European market, Coca-Cola became a sponsor and supplier of Coca-Cola for the 2024 Paris Olympics.

Coca-Cola has focused of late on high-growth brands across its beverage portfolio, including Fuze Tea, Minute Maid Zero Sugar, and Powerade, and introducing products like Coke Lemon and Reformulated Sprite. Expansion of its other flavors has led to Coca-Cola gaining a 40% market share in the non-alcoholic beverage sector.
Seeing international markets as a market share territory ripe for further opportunity, Coca-Cola has raised its profile at major European events, such as promotional investments in the Euro 2024 Football Championship, the Paris Olympics, and various music festivals. Forming partnerships with local food service providers to promote combo meals also contributed further sales.
Marketing-wise, digital technology has given Coca-Cola another growth tool, with its Studio X global network marketing platform, which measures real-time reactions to newly produced content, and e-commerce, which has grown in double digits in a number of countries.

Coca-Cola has been a public company for over a century (IPO was $40 in 1919). It has undergone 10 forward-stock splits between 1935 and 2012. A 1-for-1 stock dividend was declared in 1927. A $1000 Coca-Cola IPO investment would have bought 25 shares in 1919. A 1 share has grown through splits to 9,216 shares, that investment would equate to 230,400 shares, which would be worth $16.598 million today.

Regardless, investors are much more concerned with future stock performance over the next 1, 5, to 10 years. While most Wall Street analysts will calculate 12-month forward projections, it’s clear that nobody has a consistent crystal ball, and plenty of unforeseen circumstances can render even near term projections irrelevant. 24/7 Wall Street aims to present some farther looking insights based on Coca-Cola’s own numbers, along with business and market development information that may be of help to our readers’ own research.

Key Points In This Article

Morgan Stanley and other major Wall Street analyst departments are bullish on Coca-Cola.
Coca-Cola’s impressive dividend track record has endeared its stock to institutional and individual investors alike.
For years, a dearth of non fizzy drinks gave its rivals an edge. In the past decade, Coca-Cola’s continued expansion to non-carbonated beverages continues to be a winning ticket. The company recently acquired Costa Coffee to fill a popular beverage gap in its menu of offerings.
Cultivation and application of digital assets are also proving beneficial to the company’s bottom line, by streamlining efficiencies, rapid improvement of response times, and cutting costs.
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5 to 10 Year Review

Coca-Cola holds a commanding 46% market share of the US soft drink market.

The Food Institute estimated the global soft drink market at $237 billion three years ago, with expected growth of 4.7% annually. The US market is estimated at $285.9 billion going into 2024 and growing 7.5% annually, according to Grand View Research. Coca-Cola’s international sales already comprise 31% of total beverage revenues, it holds a commanding 46% of the US market.

A company the size of Coca-Cola has largely grown its menu of product offerings through acquisition. Some of these are well known brands, such as Minute Maid juice, Dasani Water, Sprite, Fanta, and Seagram’s Ginger Ale sodas, Vitaminwater, Powerade sports drinks, and many others. Some Coca-Cola milestone acquisitions of the past decade that have contributed to these statistics include:

2017: Coca-Cola relaunched Coke Zero with an updated flavor and new name, Coke Zero Sugar, and purchased the Topo Chico brand of sparkling waters.
2018 saw Coca-Cola acquire Organic & Raw Trading T/A MOJO Beverages, a Kombucha tea company from Australia. It unfortunately did not catch on to a larger market and Coca-Cola closed down its MOJO factory in 2022.
2019: Coca-Cola bought the Costa Coffee company and added coffee-infused soda beverages to its lineup, called Coca-Cola Coffees.
2019: Coca-Cola acquired CHI Ltd. of Lagos, Nigeria. Its products include juice under the Chivita brand and value-added dairy under the Hollandia brand, among many other products.
2020: Coca-Cola welcomed its first dairy company to its portfolio with its acquisition of Fairlife. The company also debuted Flashlyte, an advanced hydration drink formulated with six electrolytes, in Mexico.

Recent highlights include:

Expansion of the Cappy juice platform to Europe, Africa and the Middle East, with new reduced-sugar and vitamin-fortified varieties.
Introduction of Smartwater alkaline 9.5+ pH with antioxidant in North America.
Doubling sales of the Authentic Tea House lineup of unsweetened, cold-brewed teas in China.
Experimentation and expansion into the Alcohol Ready-to-Drink (aRTD) category. Recent launches include Jack Daniel’s & Coca‑Cola and Jack Daniel’s & Coca‑Cola Zero Sugar in Latin America, Europe, Asia and North America; Absolut Vodka & Sprite and Absolut Vodka & Sprite Zero Sugar in Europe; and Peace Hard Tea and Minute Maid Spiked in North America.

As of the start of 2024, as much as 65% of Coca-Cola’s total revenues were derived from its international business units. While the company does have a currency hedge system, its size, at over $28 billion, can still be a problem. That $28 billion may be compiled from dozens of different countries at the mercy of more extreme currency fluctuation volatility. This risk exists especially from less politically stable third world nations whose currencies have become increasingly less dependent on the US dollar and more on the Chinese Yuan and possibly other BRICS member nations’ currencies. The costs of hedging can run as high as 3-6% on average.

Fiscal Year	Price	Revenues	Net Income
2015	$42.96	$44.294B	$7.351B
2016	$41.46	$41.863B	$6.527B
2017	$45.88	$36.212B	$1.248B
2018	$47.57	$34.300B	$6.434B
2019	$54.69	$37.266B	$8.920B
2020	$54.84	$33.014B	$7.747B
2021	$59.21	$38.655B	$9.771B
2022	$63.61	$43.004B	$9.542B
2023	58.93	$45.754B	$10.714B
2024 (LTM)	$72.47	$46.465B	$10.648B

Key Drivers for Coca-Cola’s Future

1. Further Diversification Into Non-Carbonated Beverages

For years, Coca-Cola has been expanding beyond carbonated beverages to non-carbonated sodas and drinks. Among its most famous is its entrance to the bottled water industry (Dasani, Vitaminwater), but it also has growing exposure to tea, coffee and dairy products. In 2019, Coca Cola purchased Costa Coffee for $5.1 billion. This was largely a bet on the growth of the coffee market, which is forecast to expand annually at a rate of 4.7% through 2030.

2. Coke As An AI Player?

While one might pigeonhole Coca Cola products as simply cans of soda, the company has been burnishing its digital technology footprint. In addition to its double-digit growth e-commerce platform and the aforementioned Studio X marketing platform, Coca-Cola can also be viewed as a technology play on AI, big data and consumer analytics. To gain an edge on competitors, Coke uses artificial intelligence to gather big data insights on consumer behaviors and beverage market trends. Some of the details the AI tracks for Coca-Cola at restaurants may include such data as: flavor preferences and amounts sold per day, with which meal combos, and what times of the day.

Coca-Cola’s analysts then process the raw data and advise decisions about which products deserve more investment to expand their market shares, and which ones may be on the decline.

3. Smart Recycling = Cutting Costs

Coke is leading the way in the beverage sector by setting a goal to collect and recycle all of its packaging by 2030. This ecologically responsible stance is helpful not only from a public relations standpoint, but also makes for smart business. When handled intelligently and at the volumes of units that Coca-Cola operates, the company cuts costs with the use of recycled materials for its packaging. And recycled packaging is proving to contribute to the Coke bottom line: Q2 2024 gross margins were 59%, higher that the 58% of the energy sector and 53% of the technology sector.

4. When In Rome…

Coca-Cola is very proactive in catering to local tastes and preferences. For example, it offers Inca Kola in Peru and Thums Up in India. From Tanzania to Texas, Coca-Cola has made a splash but management realizes to capture local trends, these adaptations to each market are crucial to build diversified revenue streams that expand the company’s war chest.

For example, Coca Cola built-up a 60.5% share of the India soft drinks market, but discovered that the massive penetration was primarily due to Thums Up. Deleting Thums up would calculatedly sink its share below 30%. Acknowledgement of each geography’s unique cultural predilections further heightens customer and brand loyalty, which in turn increases customer lifetime value.

5. Direct-to-Consumer Channels

While the vast majority of Coca-Cola beverages are purchased from local vendors, chain stores or supermarkets, the company has launched a direct-to-consumer online store that allows for even better data collection. Using Studio X and other digital marketing tools, Coke can advertise directly to consumers and steer them towards exclusive deals, seasonal products, and other offerings, creating another Coke revenue source.

6. Dividends

Institutional and individual investors both love Coca-Cola stock. While growth can sometimes seem ponderously slow, its dividend has made it very popular as a buy and hold Dow Jones stock to hold in a portfolio. Since Coca-Cola began paying dividends in 1970, the company has an unbroken streak of making distributions every year, either matching or exceeding the prior year’s amount with the exception of 2000-2001. The current $1.929 dividend in 2024 is estimated to grow to $2.562 by 2030.

Stock Price Prediction for 2025

A collaboration with Oreo Cookies announced in 2024 is expected to result in a limited edition joint Coke/Orea cookie and drink.

A consensus of 25 different Wall Street analysts have predicted an average 12-month price for Coca-Cola of $70.89. This would be -2.228% from its price today. Morgan Stanley, Truist, Citibank and Barclays are a

Michael Lerner, 81, Is Dead; Founder of a Combative Jewish Magazine

Adam Nossiter — Tue, 10 Sep 2024 10:23:39 -0400

His publication, Tikkun, was a leading voice for left-wing American Jews. His ideas about “the politics of meaning” were embraced by Hillary Clinton.

British Country House Hotels, Without the Folderol

Lucie Young — Tue, 10 Sep 2024 10:15:54 -0400

The Pig boutique hotels offer a casual take on the country house experience, with local food and muddy boots. They’ve just opened two new spots in the Cotswolds.

SpaceX’s Polaris Dawn Launch: What to Know About Planned Spacewalk

Kenneth Chang — Tue, 10 Sep 2024 10:05:12 -0400

The mission is taking people farther from Earth than anyone has traveled since the end of NASA’s Apollo moon missions.

Ten-year Treasury yield near 15-month low as traders await Wednesday’s CPI inflation report

Vivien Lou Chen — Tue, 10 Sep 2024 10:03:00 -0400

Yields on U.S. government debt were little changed to slightly lower Tuesday morning as investors waited for the next important piece of macroeconomic data, the U.S. August consumer-price index report on Wednesday.

Southwest Airlines to keep CEO despite Elliott’s call of ‘inadequate’ management

Tomi Kilgore — Tue, 10 Sep 2024 10:03:00 -0400

Southwest Airlines’ stock fell Tuesday, after the air carrier expressed confidence in Chief Executive Bob Jordan’s leadership, despite calls from activist investor Elliott Investment Management L.P. that management was “inadequate.”

The Spectator Magazine Sold to Paul Marshall, a U.K. Hedge Fund Tycoon

Stephen Castle and Mark Landler — Tue, 10 Sep 2024 09:55:00 -0400

Paul Marshall, a multimillionaire founder and investor in upstart conservative media outlets, has bought the right-wing British magazine in a deal worth about $131 million.

Harris Economic Plan Focuses on Prices, a Key Vulnerability

Alan Rappeport and Andrew Duehren — Tue, 10 Sep 2024 09:54:34 -0400

Vice President Kamala Harris has been balancing the challenges of defending “Bidenomics” and charting her own course on the economy.

Maria E. Redo, Who Won Discounts for Older Adults, Dies at 99

Richard Sandomir — Tue, 10 Sep 2024 09:54:26 -0400

She started a nonprofit in New York City in 1971 by asking stores if they would offer reduced prices for people 65 and over. Thousands of retailers said yes.

Salesforce Inc. (CRM) Price Prediction and Forecast 2025-2030

Joel South — Tue, 10 Sep 2024 09:53:17 -0400

One colloquial phrase from the business world that has uniquely developed in the 21st century is “Customer Relationship Management” or CRM, which was coined by the Gartner Group in the late 1990s. Both CRM, as well as “Software as a Service” (SaaS), have since become synonymous with a San Francisco software management company that has become an industry behemoth, even taking “CRM” as its stock ticker.

Salesforce Inc. (NYSE: CRM) is the world’s largest provider of cloud-based customer relationship management (CRM) services. Its SaaS platforms bridge the gap between companies and customers around the world, facilitating and personalizing sales management, customer service, and marketing. Its acquisitions of complementary software companies have filled gaps demanded by its customers, and have subsequently fueled Salesforce’s extraordinary growth over the past decade.

Growth History Summary

Salesforce’s SaaS platforms bridge the gap between companies and customers around the world, facilitating and personalizing sales management, customer service, and marketing.

From fiscal 2014 to fiscal 2024 (January 2024), Salesforce’s revenue grew at a compound annual growth rate (CAGR) of 24%. Although a good part of the growth came from organic, big acquisitions — including Demandware, Mulesoft, Tableau, and Slack. These additions contributed substantially to expand the Salesforce ecosystem. After going into the black in fiscal 2017, Salesforce’s net income continued to expand, notching a 44% CAGR from 2017 to 2024. The company also announced a $10 billion stock buyback and its first-ever dividend in 2024.

Challenges

Salesforce’s enormous growth since 2017 is due in large part to billion dollar key acquisitions, which have irked some activist investors concerned over erratic earnings from year to year.

Although it was one of the earliest players in the CRM and SaaS arena, Salesforce would inevitably see competition, and not just from start-ups, as well as internal issues.

Microsoft’s Dynamics 365 software for CRM challenges Salesforce head-to-head. Other rivals include Oracle’s NetSuite, SAP, HubSpot, Zendesk, Insightly, and a dozen more.
As Salesforce has also entered the rapidly shifting AI rodeo, it has to devote considerable resources to its development and synchronous compatibility with its current products while keeping an eye on any industry of rivals’ breakthroughs.
Activist investors are pressuring management to cut costs and pause its big acquisitions.

Regardless, investors are much more concerned with future stock performance over the next 1, 5, to 10 years. While most Wall Street analysts will calculate 12-month forward projections, it’s clear that nobody has a consistent crystal ball, and plenty of unforeseen circumstances can render even near term projections irrelevant. 24/7 Wall Street aims to present some further looking insights based on Salesforce Inc.’s own numbers, along with business and market development information that may be of help to our readers’ own research.

Key Points In This Article

Salesforce sees currently untapped international emerging markets as fertile ground for future growth.
Salesforce’s Einstein AI solutions suite, its DataCloud and other new tech developments are foundational platforms and future developments are anticipated.
Quantum Technology is also in Salesforce’s R&D purview. Salesforce made an investment in quantum technology as a part of quantum sensing vendor Q-CTRL’s $27.4 million series B extension funding in Jan, 2023.
Salesforce also invested in Cambridge Quantum Computing (CQC), a UK-based company specializing in quantum software and quantum computing, in May, 2023.
24/7 Wall Street has a free report to read on what may be “the next Nvidia” if you click here. It features a software stock we’re confident has 10X potential.

5 to 10 Year Review

Salesforce CEO Marc Benioff has aggressively pursued large corporate clients for long term multiple subscriptions for its CRM suite of products.

Salesforce’s phenomenal growth over the past decade has been fed by strategically savvy acquisitions that have filled critical gaps in their SaaS package offerings. Starting in mid-2013, the company spent $2.5 billion for ExactTarget, which supplied cloud marketing tools to integrate Salesforce management technology with digital marketing campaigns.

2016 saw the $2.8 billion purchase of Demandware, now rebranded as Salesforce CommerceCloud. It is the company’s e-commerce platform, fully integrated with Einstein AI. The need to sync the different cloud based operations and data metrics was satisfied by the $6.5 billion acquisition of MuleSoft for digital integration in 2018. Analytics software platform Tableau followed in 2019 for $15.7 billion. Finally, intraoffice and company personnel collaboration and communication platform Slack was added to Salesforce in 2021 for the sum of $27.7 billion.

The large expenditures have benefitted Salesforce’s growth but have understandably made earnings erratic, which has raised the ire of some activist investors.

Fiscal Year (Jan. 31)	Price	Revenues	Net Income

2016	$68.08	$6.667B	(-$47.4M)
2017	$79.10	$8.437B	$323M
2018	$113.91	$10.540B	$360M
2019	$151.97	$13.282B	$1.110B
2020	$182.31	$17.098B	$126M
2021	$225.56	$21.252B	$4.072B
2022	$232.63	$26.492B	$1.444B
2023	$167.97	$31.352B	$208M
2024	$281.09	$34.857B	$4.136B
2024 (LTM)	$252.90	$36.465B	$5.632B

Key Drivers for Salesforce Inc.’s Future

Salesforce’s R&D with AI, Blockchain, and Quantum Computing Technology should maintain its market share leadership for at least the next 5 years.

Financial Health: Salesforce has a strong $8.24 billion net cash surplus position relative to debt.
Brand Strength: Salesforce is the current CRM “King of the Hill” and commands strong brand recognition in the CRM space (including its stock ticker). This brand strength is leveraged with its newest products, which subsequently bring in customers to subscribe to the entire Salesforce ecosystem, rather than the more expensive and cumbersome option of piecemealing different software platforms for CRM.
R&D: Salesforce’s continued R&D with AI, Blockchain, and Quantum Computing Technology should help it maintain its “leader of the pack” position in the CRM space.
International Marketing and Sales: This demographic will be the next big growth target for Salesforce. This will help to offset its focus on primary market large players, which necessitate longer sales cycles and are subject to more competition from rivals.

Stock Price Prediction for 2025

Salesforce’s Data Cloud has demonstrated phenomenal capabilties for smoothly and effortlessly procesing data files in the quadrillions.

A consensus taken from 44 different Wall Street analysts predicted Salesforce’s price target in 12-months to be $307.64. This calculates as gain of 25.34% from today’s stock price. The overall average recommendation was “outperform”.

Based on our assessment of the financials, 24/7 Wall Street projects a somewhat more conservative target price of $302.00. The departure of the highly regarded CFO, Amy Weaver, is a negative. Her enviable track record managing restructuring efforts and the level of respect she commands on Wall Street cannot be disregarded. Although she will remain as an advisor once her successor has been selected, the comfort of a smooth transition is not guaranteed.

Salesforce Inc.’s Next 5 Years’ Outlook

As Salesforce’s Fiscal Year 2026 ends January 31, 2026, the events that drive its stock performance occur predominantly throughout 2025. 24/7 Wall Street projects a stock price of $333.90, a gain of 36.06% from today’s stock price.

The integration of blockchain technology into Salesforce’s product offerings is expected to be a key driver sometime in 2025. With cybersecurity breaches multiplying by the month, the ability to repel CRM platform hackers is vitally important to enterprise customers. FY 2026 should also see the start of the rewards from its international initiatives, which will likely manifest writ large throughout 2026 for FY 2027.

FY 2027 will likely begin to see the primary fruits from the international sales and marketing initiated during the latter part of FY 2024 and all of 2025. A target price of $380.70 would represent a 55.07% gain.

European business accounted for roughly 23.5% and Asia Pacific 10.1%. It is predicted by several analysts to grow to 21.6% of total revenues by or before FY 2027. Salesforce’s expansion into emerging markets is also likely to accelerate, particularly in Southeast Asia and Africa. This is untapped territory which can be a deep source of new revenue streams that can offset risks from established markets due to geopolitical and economic factors.

Additionally, Salesforce’s investments in edge computing solutions should enhance its competitive advantage in the IoT space. Integration of Einstein AI for hybrid workers who spend half or more of their work time from home may likely become early converts to these additional digital tools.

The 2028 stock price target is anticipated to be $412.80, or 68.15% increase over today’s share price.

Salesforce’s focus on customization towards vertical-specific CRM solutions is expected to bear fruit in 2027. By tailoring its offerings to industries such as healthcare, financial services, and manufacturing, the company expects to capture larger market share and increased customer retention.

Salesforce’s continued development of low-code and no-code platforms will likely also contribute its part to attracting a broader customer base.

FY 2029 is projecting the completion of its integration of advanced natural language processing (NLP) capabilities into Salesforce’s products. This technology may significantly enhance customer service automation and data analysis, providing an additional competitive edge. Salesforce’s R&D in quantum computing research, building on its investments in Q-CNTRL and CQC, should also begin to yield practical applications, thus potentially opening new avenues for growth and innovation.

Digital twin technology with VR is another new vista for Salesforce currently in R&D, but may possibly be prepared to launch during 2028-29. By creating virtual replicas of physical systems, the company may offer unprecedented insights and optimization capabilities to its customers.

$451.50 is 24/7 Wall Street’s projected stock price for FY 2029, a 84.01% gain from today.

Salesforce Inc. Stock in 2030

Salesforce Ventures’ VC plays with AI startups could become the company’s secret weapons for advancing its competitive advantage in the future.

In FY 2030, we predict Salesforce can hit a stock price of $493.80, a 101.15% increase.

By 2029-2030, Salesforce’s R&D investments in Augmented Reality (AR) and Virtual Reality (VR) technologies may be ready for prime time commercialization.

These immersive technologies could revolutionize customer engagement and data visualization, potentially opening new revenue streams. As Salesforce expands its offerings, it may face increased competition from other enterprise software providers like ServiceNow.

One other aspect to Salesforce not yet mentioned, since when its impact may become manifest is unknown, is its venture capital work in tech startups. Salesforce Ventures has a $500 million Generative AI Fund that includes a $200 million investment in Hugging Face, the largest open-source AI community on Earth. Salesforce’s presence in Hugging Face is strategically intended to expose Hugging Face using entrepreneurs to Salesforce’s CRM products in a soft sell approach that can potentially reap billions as these startup companies take off.

Fiscal Year	Normalized EPS	P/E Ratio	Projected Stock Price
2025	$10.06	30	$302.00
2026	$11.13	30	$333.90 Oracle’s stock surges after earnings — and another catalyst is on the horizon Emily Bary — Tue, 10 Sep 2024 09:51:00 -0400 While Oracle’s outlook for the current quarter was in line with expectations, the company could boost its fiscal 2026 outlook at Thursday’s investor day. After ‘dancing with the devil’ Unilever may be about to exit Russia James Rogers — Tue, 10 Sep 2024 09:45:00 -0400 Consumer goods giant Unilever PLC NL:UNA UK:ULVR is set to sell its Russian business, according to reports. Free four-year college was a rallying cry for Democrats in 2016 and 2020. This year they’re not talking about it. Jillian Berman — Tue, 10 Sep 2024 09:40:00 -0400 After rallying around free college in 2016 and 2020, Democrats aren’t emphasizing the idea in 2024. Prediction: This Magnificent 7 Stock Will Outperform the Rest of 2024 Chris MacDonald — Tue, 10 Sep 2024 09:33:49 -0400 Nvidia (NASDAQ:NVDA) has been among the most closely-watched Magnificent 7 stocks on the market. The AI chip maker posted strong Q2 fiscal 2025 results, with the company’s top-line surging 122% to a record $30 billion for the quarter, driven by strong data center demand. Additionally, the company’s earnings increased 12% sequentially, and surged 168% on a year-over-year basis. One might have thought that such earnings, which below out analyst expectations, would have led to some material increase in value for the stock. That wasn’t the case. In the case of Nvidia, a company which beats and raises each and every quarter, it’s the size of the beat that matters. In this case, the market appears to be less enthused by some other factors, such as softening in margins and projected delays with the company’s rollout of its new Blackwell chips. That said, there are no shortage of bulls who consider this stock a long-term buy, for a whole host of reasons. The company’s comprehensive platform spanning hardware, software and services has solidified Nvidia’s dominant market position in the world of AI chips. In fact, among its competitors, Nvidia holds roughly 80% share in this high-margin, high-growth segment of the semiconductor market. Let’s dive into the bull case behind why this Magnificent 7 stock could have much more room to run from here. Key Points About This Article: Nvidia has continued to dominate mind share for most investors bullish on the future of artificial intelligence, and the growth this sector has to provide. With around 80% market share in high-performance computing chips, Nvidia’s strong demand could provide fundamentals few investors can ignore in the coming quarters. If you’re looking for some stocks with huge potential, make sure to grab a free copy of our brand-new “The Next NVIDIA” report. It features a software stock we’re confident has 10X potential. Concerns Are Real, But Should Investors Worry? Nvidia saw its stock drop more than 5% in the week following what can only be described as a blowout earnings report. The company raised its Q3 guidance, issued another $50 billion stock buyback, and continues to see strong demand-driven fundamentals. However, underneath the surface, some investors are clearly taking the view that this growth isn’t good enough. Now, given the law of large numbers, the greater a company like Nvidia’s revenue and earnings are, the harder it is to continue to grow earnings at breakneck speed. That makes sense – once a market is almost fully dominated, outside of perpetually increasing demand, at some point the market will likely price in most of a company’s future earnings potential. That’s what it’s supposed to do, and it’s unclear how much unclaimed demand Nvidia investors aren’t factoring in. And on a forward demand basis, some concerns around the company’s shift to Blackwell chip production are starting to take hold. The company did confirm in its earnings report that this particular chip is now being sampled by customers, with “several billion dollars” in revenue expected in Q4. However, there’s no real clarity on what this number will be, and how robust 2025 sales will be. While guidance was raised in the expectation that these chips are a hit, and growth in data centers remains strong driven by AI inferencing, there are certainly growth-related risks investors are pricing in. Analysts have been quick to raise their price targets on NVDA stock, despite Blackwell chip delays, noting strong growth for Q4 is more likely than not. However, it’s clear investors aren’t necessarily piling onto this side of the boat just yet. Growth Drivers Are Clear So, that’s the bear case. Growth may finally be peaking, margins flattening, and new innovative chips may take a bit longer to reach market than previously thought. But for bulls on Nvidia, the growth drivers are clear. The company’s highly-anticipated Blackwell next-generation GPU chip is set to generate billions in revenue by Q4 fiscal 2025. And so long as major customers like Microsoft and Amazon pile into the AI thesis long-term, this is a new revenue and earnings driver that could provide the kind of growth so many investors are after. I think the important thing to point out is that this Blackwell chip represents Nvidia’s dedication to pursuing innovation. The company’s management team remains confident in its ability to continue to iterate toward even more powerful chips over time, taking even more market share in a very lucrative segment. And while some have issue with Nvidia’s ongoing buybacks ($50 billion should help investors to a certain degree, but many question whether this capital may be better-used fueling the company’s core growth engine), it’s also true that Nvidia appears to be spitting off so much cash, it is having difficulty deploying it all. Overall, that should be a positive net signal to the market. With additional investments in the AI space taking hold, with Apple and Nvidia reportedly considering investing in OpenAI’s next funding round, there are plenty of growth catalysts on this front for investors to continue to focus on. Nvidia Still Looks Like a Buy Nvidia’s upcoming Blackwell chips offer up to 4x faster training and 30x faster inference than the company’s H100 chips and could usher in a truly new era of computing power. For companies looking to develop the latest and greatest AI applications, these chips are a big deal. And while the market has clearly priced in a significant amount of enthusiasm into NVDA stock on this catalyst alone, I think it’s one investors should continue to focus on. In the coming quarters, I think investors will want to see meaningful top and bottom line impacts from its Blackwell rollout. If things can move forward faster than expected, and earnings do hit the $5 per share level some analysts believe, this is a stock that could have material upside from here (even factoring in some valuation multiple contraction). Accordingly, this is a Magnificent 7 stock I think investors may want to consider on this recent dip. ALERT: Take This Retirement Quiz Now (Sponsored) Take the quiz below to get matched with a financial advisor today. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Here’s how it works: 1. Answer SmartAsset advisor match quiz 2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles. 3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future Take the retirement quiz right here. The post Prediction: This Magnificent 7 Stock Will Outperform the Rest of 2024 appeared first on 24/7 Wall St.. Every Aircraft the US Air Force Flies Today Chris Lange — Tue, 10 Sep 2024 09:33:17 -0400 24/7 Wall St. Insights: The U.S. Air Force is among an elite club of air forces that has access to fifth-generation fighter jets The F-22 Raptor and F-35 Lightning II are some of the most advanced fighter jets in the American fleet. The U.S. operates a number of logistical aircraft like the C-130J Super Hercules that has been a mainstay of the Air Force since the 1950s. Also: Discover the next Nvidia Fifth-generation fighter jets represent the best of modern aviation, combining stealth and advanced avionics. Access to these cutting-edge jets is limited to a select few nations like Russia or China. The United States is also among these elite countries, with widespread use of these fifth-generation fighter jets adding to its status as one of the most powerful air forces in the world. (Nearly 900 of these stealth fighter jets take to the skies worldwide.) Key examples within the U.S. Air Force include the F-22 Raptor and F-35 Lightning II, both renowned for their air superiority and versatility. Apart from these fighters, the Air Force operates a variety of other aircraft designed to accomplish strategic objectives that may fall outside of combat roles–most of these are logistical. Here 24/7 Wall St. is looking at all of the U.S. Air Force’s aircraft. To identify every aircraft in the U.S. Air Force, 24/7 Wall St. reviewed the 2024 World Air Forces report from FlightGlobal, an aviation and aerospace industry publication. We ordered these aircraft alphabetically. We also included supplemental data on the type of aircraft and top speed. We excluded trainer aircraft. Despite entering service only in the last decade, the F-35 Lightning II has rapidly become a key asset in many Air Force missions, capable of carrying a wide range of munitions, including nuclear weapons. Its next level stealth also allows for reconnaissance missions as well. (These are the oldest and most cutting-edge stealth aircraft in service today.) Additionally, the U.S. Air Force relies on a fleet of aircraft for strategic and tactical airlift operations. These aircraft transport troops, cargo, and equipment worldwide, fulfilling various mission objectives. The C-130 Hercules has been a mainstay since the 1950s and remains the Air Force’s workhorse for both transport and tanker roles across its many variants. Here is a look at every aircraft in the U.S. Air Force: Why Are We Covering This? Understanding the aircraft in the US Air Force is important because these aircraft play a pivotal role in maintaining national security and global stability. Each aircraft is designed for specific missions, from air superiority to strategic bombing and reconnaissance, which are essential for defending the country and projecting power abroad. Also knowing which aircraft are in service give context to military capabilities and a better understanding of national defense. A-10C Thunderbolt II Type: Close-air support / forward air control Year introduced: 1976 Active aircraft: 270 Top speed: 439 mph Armament: 30mm GAU-8/A gatling gun, Maverick missiles, Sidewinder missiles, rocket pods, drop bombs, cluster bombs, Paveway bombs The A-10C Thunderbolt was introduced in 1976 built by Fairchild Republic. It specializes in close-air support and forward air control. It comes equipped with a 30mm GAU-8/A gatling gun, which can fire up to 3,900 rounds per minute, along with a variety of missiles and bombs, including Mavericks and Sidewinders. This aircraft is affectionately known as the “Warthog” for its toughness in battles over the years. AC-130J Ghostrider Type: Ground attack / close-air support Year introduced: 2017 Active aircraft: 29 Top speed: 416 mph Armament: 30mm ATK GAU-23/A automatic cannon, 105mm M102 field howitzer, Griffin missiles, Viper Strike precision-guided bombs, Hellfire missiles, drop bombs Out of the AC-130 gunship series, Ghostrider is the latest iteration. It can equip practically any ordnance including a gun meant for ground artillery. The Ghostrider is easily one ofhte most heavily armed aircraft in the U.S. Air Force. AC-130W Stinger II Type: Special operations fixed-wing gunship Year introduced: 2010 Active aircraft: 3 Top speed: 300 mph Armament: 30mm Bushmaster II GAU-23/A gatling gun, Viper Strike missiles, Griffin missiles, Hellfire missiles The AC-130W Stinger II comes equipped with a30mm Bushmaster II GAU-23/A gatling gun, along with Viper Strike, Griffin and Hellfire missiles. The Stinger II is designed to deliver serious firepower in support of ground forces. The Stinger II is a step up from the legacy AC-130 gunships, notably integrating advanced missile systems. Built by Lockheed Martin, this gunship only recently entered service in 2010. AT-802U Sky Warden Type: Multirole light aircraft Year introduced: 1990 Active aircraft: 75 on order Top speed: 221 mph Armament: Gun pods, cannon pods, conventional drop bombs While the Sky Warden may not rank among the fastest or most heavily-armed aircraft in the U.S. Air Force, it plays an important role in both combat and reconnaissance operations. Standard armament options include gun pods, cannon pods, and even conventional drop bombs. Air Tractor was originally designed for agricultural tasks such as crop dusting but it has since been modified for military purposes. B-1B Lancer Type: Strategic heavy bomber Year introduced: 1986 Active aircraft: 42 Top speed: 833 mph Armament: Joint direct attack munitions, general purpose bombs, naval mines, cluster munitions, SRAM missiles, JASSM missiles, JSOW missiles, freefall nuclear bombs The B-1B Lancer was introduced in 1986. It is a strategic heavy bomber known for its speed, capable of hitting up to 833 mph, making it one of the fastest bombers in the U.S. Air Force. It can carry a wide range of armaments, including joint direct attack munitions, general-purpose bombs, JASSM missiles, and even freefall nuclear bombs. B-2 Spirit Type: Strategic stealth heavy bomber Year introduced: 1997 Active aircraft: 17 Top speed: 628 mph Armament: Air-launched cruise missiles, strategic free-fall nuclear bombs, conventional drop bombs, joint direct attack munitions, JASSM missiles The B-2 Spirit, a strategic stealth heavy bomber introduced in 1997, has a top speed of 628 mph and is built to deliver a wide range of ordnance, including nuclear bombs. Despite having only 17 in active service, the B-2 is capable of delivering payloads that far exceed its class, making it a powerful asset in the U.S. Air Force. B-21 Raider Type: Long range strategic stealth bomber Year introduced: Expected 2028 Active aircraft: 100 on order Top speed: 621 mph Armament: Conventional drop bombs, precision-guided bombs, nuclear-tipped bombs/missiles The B-21 Raider is set to enter service within the next decade, augmenting the B-2 Spirit stealth bombers. It will be capable of deploying both conventional and precision-guided bombs, along with nuclear-tipped bombs and missiles. With 100 of these advanced bombers on order, test flights have already occurred in the past year, marking significant progress toward its operational debut. B-52H Stratofortress Type: Long range strategic heavy bomber Year introduced: 1955 Active aircraft: 72 Top speed: 595 mph Armament: ACLM cruise missiles, Harpoon missiles, CALCM cruise missiles, joint direct attack munitions, freefall nuclear bombs The B-52, introduced in 1955, stands as one of the longest-serving aircraft in the U.S. Air Force. Developed in the years following World War II to replace the B-29 Superfortress, which famously dropped the bomb on Japan, the B-52 was designed to carry larger payloads, including nuclear weapons. Throughout the Cold War, the Stratofortress served as a critical component of the U.S. nuclear deterrent. Beech C-12 Huron Type: Transport aircraft Year introduced: 1974 Active aircraft: 62 Top speed: 332 mph Armament: N/A The C-12 Huron is typically used for transporting personnel, light cargo, and performing medical evacuation missions. Boeing C-32 Type: VIP Transport Year introduced: 1996 Active aircraft: 4 Top speed: 605 mph Armament: N/A The Boeing C-32 is usually used to transport high-ranking government officials, including the Vice President of the United States. Boeing RC-135 Type: Multi-mission reconnaissance aircraft Year introduced: 1962 Active aircraft: 22 Top speed: 581 mph Armament: N/A The Boeing RC-135, introduced in 1962, is a multi-mission reconnaissance aircraft with a top speed of 581 mph, and 22 are currently active. It has played a crucial role in intelligence gathering for decades, especially during major conflicts like the Cold War. Bombardier Express E-11 Type: Special missions platform Year introduced: 1997 Active aircraft: 7 Top speed: 684 mph Armament: N/A The Bombardier Express E-11 was introduced in the late 1990s. It is a special missions platform that plays a role in providing battlefield communications between air and ground forces. C-130J Super Hercules Type: Tactical medium transport aircraft Year introduced: 1999 Active aircraft: 330 Top speed: 416 mph Armament: N/A The C-130J is the workhorse of the U.S. Air Force with over 300 currently in service. These behemoths act as the logistical backbone of the fleet. C-146 Wolfhound Type: Special missions support Year introduced: 2000 Active aircraft: 20 Top speed: 217 mph Armament: N/A Despite its low top speed, the C-146 Wolfhound is often used by U.S. Special Operations Command for transporting small teams and cargo. C-17 Globemaster III