[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-salesforce-stock-ai-usage-is-exploding-on-september-16-it-has-to-show-that-usage-pays-ZH":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":259,"relatedPosts":265,"suggestedPosts":341},{"id":224,"title":225,"date":226,"modified":227,"excerpt":228,"content":229,"wordCount":230,"lang":231,"uri":232,"slug":233,"cloudinaryAssetId":234,"featuredImageOriginalUrl":235,"featuredImageMetadata":236,"author":239,"editor":245,"categories":250,"relatedPosts":256,"seo":257},129469,"Salesforce股票的人工智能使用量正在激增。9月16日，它必须证明这种使用能带来收益。","2026-09-08T22:10:00","2026-09-08T22:37:33","\u003Cp>Salesforce在第二季度业绩大幅超出预期，但部分亮眼数据来自对Anthropic投资的账面增值。管理层必须在9月16日证明，激增的AI使用量正在转化为真金白银。\u003C\u002Fp>","\u003Ch3 id=\"h-k-ey-stats-for-salesforce-stock\" class=\"wp-block-heading\">\u003Cstrong>Salesforce股票关键数据\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>\u003Cstrong>当前价格：\u003C\u002Fstrong> $259.23\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>目标价（中值）：\u003C\u002Fstrong> ~$448\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>华尔街目标价：\u003C\u002Fstrong> ~$272\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>潜在总回报率：\u003C\u002Fstrong> ~73%\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>年化内部收益率：\u003C\u002Fstrong> ~13% \u002F 年\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>\u003Cstrong>\u003Cem>\u003Cstrong>\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\" target=\"_blank\" rel=\"noreferrer noopener\">现已上线：使用TIKR全新估值模型，发现您最喜爱股票的潜在上涨空间（免费）\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fem>\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\"> >>>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-what-happened\" class=\"wp-block-heading\">发生了什么？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>Salesforce (\u003C\u002Fstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=122917&tid=10458226&?ref=tikrblog\">\u003Cstrong>CRM\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong>)\u003C\u002Fstrong> 在9月1日的一场投资者网络研讨会上，花了整整一场会议来解释一种新的AI收费方式，然后将所有具体数字的公布推迟到了Dreamforce大会。这次推迟就是关键所在。9月16日，公司将在Dreamforce举办投资者和分析师会议，届时必须回答其靓丽季度业绩留下的一个悬而未决的问题：随着AI代理取代其自1999年以来一直按席位收费的人力席位，激增的使用量究竟会转化为经常性收入，还是仅仅表现为活动量？\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在8月26日公布业绩后，Salesforce在营收和盈利两方面均超预期，并上调了全年业绩指引，次日股价一度跳涨18%。此后股价回落至$259，较52周高点低约4%，但较6月股价在$150附近触底时仍有大幅上涨，期间从峰值到谷底的跌幅达43.61%。 \u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-beat-was-real-but-one-time-gains-flattered-the-headline\" class=\"wp-block-heading\">\u003Cstrong>业绩确实超预期，但一次性收益粉饰了标题数据\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">营收同比增长10.83%至113.45亿美元，当前剩余履约义务（Salesforce预计在未来一年内确认的合同收入）按固定汇率计算增长14%至335亿美元，创下四年来最快的订单增速，自由现金流增长81%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">然而，标题每股收益（EPS）被粉饰了。在调整后每股收益$5.90中，\u003Ca href=\"https:\u002F\u002Fwww.cnbc.com\u002F2026\u002F08\u002F26\u002Fsalesforce-crm-q2-earnings-report-2027.html\">有$2.53来自战略投资利得\u003C\u002Fa>，其中大部分是Salesforce持有的Anthropic股份的未实现增值，最近一轮融资对该公司的估值为9650亿美元。剔除这部分后，基础每股收益约为$3.37，而去年同期为$2.91，增长率接近16%，而非标题数据所暗示的翻倍。正是这个差距导致18%的涨幅逐渐消退。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在公布业绩的同时，Salesforce和Anthropic推出了Claudeforce，它将Salesforce数据和37个预置的销售技能嵌入到Claude中，\u003Ca href=\"https:\u002F\u002Fqz.com\u002Fsalesforce-anthropic-claudeforce-ai-sales-plugin-082726\">目前处于试点阶段，本月将推出公开测试版\u003C\u002Fa>。这重新定义了Salesforce的角色，使其成为AI模型调用的记录系统，而非被AI取代的软件。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3023\" height=\"2015\" data-public-id=\"images\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60.webp\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3023,h_2015,c_scale\u002Ff_webp,q_auto\u002Fv1788904422\u002Fimages\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60.webp?_i=AA\" alt=\"\" class=\"wp-post-129469 wp-image-129520\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1788904422\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1788904422\u002Fimages\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60.webp?_i=AA 3023w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788904422\u002Fimages\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60.webp?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1788904422\u002Fimages\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60.webp?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1788904422\u002Fimages\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60.webp?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1788904422\u002Fimages\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60\u002FTIKR.com_CRM-Salesforce-Inc.-Revenue-and-EBITDA_1295203ec60.webp?_i=AA 300w\" sizes=\"auto, (max-width: 3023px) 100vw, 3023px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Salesforce 营收与息税折旧摊销前利润 \u003Cstrong>(\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fmarkets?fid=1&?ref=tikrblog\">TIKR\u003C\u002Fa>)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003C\u002Fa>\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003C\u002Fa>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\" target=\"_blank\" rel=\"noreferrer noopener\">查看Salesforce股票的历史数据和未来预测（免费！） >>>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-why-pricing-is-the-whole-ballgame-on-september-16\" class=\"wp-block-heading\">\u003Cstrong>\u003Cstrong>为何定价问题是9月16日的重中之重\u003C\u002Fstrong>\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Salesforce在9月1日告诉投资者，它已经重建了收费模式。总裁兼首席商务官Bill Patterson描述了一种向基于结果的定价模式的转变，即像其Casey产品这样的服务代理将按解决的问题数量收费，而非按席位收费。Patterson说：\"如果它们没有解决问题，您就不需要为这项服务付费。\"这直接回应了席位被侵蚀的担忧：如果AI代理取代了人力席位，Salesforce将转而对这些代理完成的工作收费。他还提到一个客户案例，其AI支出增长了30%，而衡量的生产率仅提高了3%，这正是基于结果的定价旨在解决的不匹配问题。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">销售总裁兼首席消费官Connor Marsden表示，服务类用例消耗的\"智能工作单元\"大约是其他工作负载的五倍，而\"充值\"购买（即客户耗尽容量后购买更多）也集中在这一领域。分析师们将在9月16日重点关注这些\"充值\"行为，因为它们表明客户获得了足够价值，愿意再次付费。投资者关系团队的Valmik Desai补充说，目前Agentforce的订单中有一半来自现有客户以同样的方式进行充值。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">摩根大通的Samik Chatterjee将此次活动列为下一个主要催化剂，并阐述了双向押注：如果Salesforce将每个任务路由到成本最低的、有能力处理的模型，基于结果的定价可能会提高利润率；但失败的任务可能会消耗算力而不产生收入。Desai在网络研讨会上回应了关于毛利率的问题，他表示Salesforce拥有模型路由能力，以获取\"正在发生的效率和代币定价变化带来的收益\"。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在\u003Ca href=\"https:\u002F\u002Fwww.sec.gov\u002FArchives\u002Fedgar\u002Fdata\u002F1108524\u002F000110852425000168\u002Fex991-investordaypressrele.htm\">2025年10月的投资者日\u003C\u002Fa>上，Salesforce设定了到2030财年营收超过600亿美元的目标，并提出了\"FY30 50\"框架，旨在实现订阅增长加上营业利润率之和达到50。今年的会议被宣传为展示\"最新创新和财务框架\"，因此投资者将关注这些目标是被重申、上调，还是在定价模式从理论变为现实后被悄然下调。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-a-valuation-that-prices-in-the-doubt\" class=\"wp-block-heading\">\u003Cstrong>反映疑虑的估值\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Salesforce的NTM市盈率为17.68倍，\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation\">企业价值\u002F息税折旧摊销前利润\u003C\u002Fa>为12.91倍，低于大多数大型软件同行：ServiceNow的远期企业价值\u002F息税折旧摊销前利润为21.59倍，Cadence为25.25倍，只有Oracle的11.89倍和Adobe的8.19倍显得更便宜。对于这家全球最大的CRM平台，以两位数的速度增长营收且毛利率高达77%，其估值倍数仅为十几倍，这表明市场希望在支付更高溢价之前看到证据。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">平均目标价目前为$272.13，低于一年前的$351.45，这意味着从$259.23出发的隐含上行空间仅约5%。分析师下调目标价的速度快于基本面恶化的速度，这要么表明存在结构性问题，要么意味着预期已经重置得足够低，以至于9月16日一个可信的框架就可能将其重新拉高。整体评级仍偏向积极：34个\"买入\"和6个\"跑赢大盘\"，对比14个\"持有\"和2个\"跑输大盘\"，没有\"卖出\"评级。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3023\" height=\"2015\" data-public-id=\"images\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8.webp\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3023,h_2015,c_scale\u002Ff_webp,q_auto\u002Fv1788904439\u002Fimages\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8.webp?_i=AA\" alt=\"\" class=\"wp-post-129469 wp-image-129521\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1788904439\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1788904439\u002Fimages\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8.webp?_i=AA 3023w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788904439\u002Fimages\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8.webp?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1788904439\u002Fimages\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8.webp?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1788904439\u002Fimages\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8.webp?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1788904439\u002Fimages\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8\u002FTIKR.com_Salesforce-Inc.-CRM-NTM-Total-Enterprise-Value-_-EBITDA_129521877c8.webp?_i=AA 300w\" sizes=\"auto, (max-width: 3023px) 100vw, 3023px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Salesforce NTM 企业价值 \u002F 息税折旧摊销前利润 \u003Cstrong>(\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fmarkets?fid=1&?ref=tikrblog\">TIKR\u003C\u002Fa>)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">在TIKR中查看Salesforce相对于同行的表现（免费！） >>>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-tikr-advanced-model-analysis\" class=\"wp-block-heading\">\u003Cstrong>TIKR高级模型分析\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>\u003Cstrong>当前价格：\u003C\u002Fstrong> $259.23\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>目标价（中值）：\u003C\u002Fstrong> ~$448\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>潜在总回报率：\u003C\u002Fstrong> ~73%\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>年化内部收益率：\u003C\u002Fstrong> ~13% \u002F 年\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"4968\" height=\"4084\" data-public-id=\"images\u002FCRM_valuation_model_129522ab3a6\u002FCRM_valuation_model_129522ab3a6.webp\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_4968,h_4084,c_scale\u002Ff_webp,q_auto\u002Fv1788904456\u002Fimages\u002FCRM_valuation_model_129522ab3a6\u002FCRM_valuation_model_129522ab3a6.webp?_i=AA\" alt=\"\" class=\"wp-post-129469 wp-image-129522\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1788904456\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1788904456\u002Fimages\u002FCRM_valuation_model_129522ab3a6\u002FCRM_valuation_model_129522ab3a6.webp?_i=AA 4968w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_986,c_scale\u002Ff_webp,q_auto\u002Fv1788904456\u002Fimages\u002FCRM_valuation_model_129522ab3a6\u002FCRM_valuation_model_129522ab3a6.webp?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_1151,c_scale\u002Ff_webp,q_auto\u002Fv1788904456\u002Fimages\u002FCRM_valuation_model_129522ab3a6\u002FCRM_valuation_model_129522ab3a6.webp?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_247,c_scale\u002Ff_webp,q_auto\u002Fv1788904456\u002Fimages\u002FCRM_valuation_model_129522ab3a6\u002FCRM_valuation_model_129522ab3a6.webp?_i=AA 300w\" sizes=\"auto, (max-width: 4968px) 100vw, 4968px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Salesforce 高级估值模型 \u003Cstrong>(\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fmarkets?fid=1&?ref=tikrblog\">TIKR\u003C\u002Fa>)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">查看分析师对Salesforce股票的增长预测和价格目标（免费！） >>>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">中值情景假设业务将与其规模同步增长，而非估值重估。两个营收驱动因素是：未来营收复合年增长率接近10%，主要由Agentforce和Data 360的AI相关年度经常性收入引领；以及对现有客户群的交叉销售，现有客户已贡献了Agentforce订单的一半。利润率驱动因素是净利润率从26%向约27%拓宽，这得益于基于结果的定价和模型路由效率的提升。估值倍数几乎没有变化，因此回报主要由盈利驱动。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">据此计算出的中值目标价约为$448，大约四年内的总回报率约为73%，或年化13%。情景分析在此基础上展开。如果基于结果的定价推动利润率增速快于模型假设，且AI年度经常性收入通过乐观情景下约11%的营收复合年增长率实现复利增长，则看涨情景下的目标价会更高。在看跌情景中，AI代理侵蚀席位收入的速度快于使用量计费模式替代的速度，这将削减回报，但根据模型的假设，股价仍将高于目前的$259，而非低于它。下行情景下的价格仍能高于当前价格，这本身就说明市场和模型在方向上分歧不大，分歧主要在于速度。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-conclusion\" class=\"wp-block-heading\">\u003Cstrong>结论\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">关注9月16日的一件事：管理层是否会给出基于结果的定价的具体数字，特别是重申或上调通往2030财年600亿美元营收目标和\"FY30 50\"框架的路径。一个能将Agentforce使用量与经常性收入挂钩、并提供华尔街可以建模的利润率计算框架，将是一个积极的结果，并可能将低迷的平均目标价从$272拉高。如果只是含糊地表示\"我们对这段旅程感到兴奋\"，而不解释代币经济学，则表明对席位被侵蚀的担忧仍未得到解答。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003Cstrong>\u003Cem>查看亿万富翁投资者正在买入哪些股票，以便您能通过TIKR跟随聪明钱。\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-should-you-invest-in-salesforce\" class=\"wp-block-heading\">您应该投资Salesforce吗？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">唯一真正了解的方法是亲自查看数据。TIKR为您免费提供专业分析师用来回答这个问题的机构级财务数据。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">打开\u003Cstrong>Salesforce\u003C\u002Fstrong>，您将看到多年的历史财务数据、华尔街分析师对未来几个季度营收和盈利的预期、估值倍数随时间的变化情况，以及价格目标是呈上升还是下降趋势。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">您可以建立一个免费的观察列表，来跟踪\u003Cstrong>\u003Cstrong>Salesforce\u003C\u002Fstrong>\u003C\u002Fstrong>以及您关注的所有其他股票。无需信用卡。只需您做决策所需的数据。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003Cstrong>\u003Cem>在TIKR上免费分析Salesforce →\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-looking-for-new-opportunities\" class=\"wp-block-heading\">寻找新机会？\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>查看\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">亿万富翁投资者正在买入哪些股票\u003C\u002Fa> \u003C\u002Fstrong>，以便您能跟随聪明钱。\u003C\u002Fli>\n\n\n\n\u003Cli>使用TIKR一体化、易于使用的平台，\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">在短短5分钟内分析股票\u003C\u002Fa>\u003C\u002Fstrong>。\u003C\u002Fli>\n\n\n\n\u003Cli>您翻开的石头越多……发现的机会就越多。\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">使用TIKR搜索10万+全球股票、全球顶级投资者持仓等。\u003C\u002Fa>\u003C\u002Fstrong>\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Ch2 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>免责声明：\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR上的文章并非TIKR或其内容团队提供的投资或财务建议，也不是买入或卖出任何股票的建议。我们的内容基于TIKR Terminal的投资数据和分析师预测。我们的分析可能未包含公司的最新新闻或重要更新。TIKR对提及的任何股票均无持仓。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",1473,"zh","\u002Fblog\u002Fsalesforce-stock-ai-usage-is-exploding-on-september-16-it-has-to-show-that-usage-pays","salesforce-stock-ai-usage-is-exploding-on-september-16-it-has-to-show-that-usage-pays","images\u002F8-2_129492bb091\u002F8-2_129492bb091","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903063\u002Fimages\u002F8-2_129492bb091\u002F8-2_129492bb091.png?_i=AA",{"altText":237,"imageCredit":238},"Salesforce Stock AI Usage Is Exploding. On September 16, It Has to Show That Usage Pays.","@Blue Planet Studio from Getty Images via Canva, @Blue Planet Studio from Getty Images via Canv",{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":244},"Wiltone Asuncion","wiltonetikr","author","",[],{"name":246,"slug":247,"role":248,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":249},"David Hanson","davidtikr","editor",[],[251],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":237,"metaDesc":258,"opengraphDescription":258,"twitterTitle":237,"twitterDescription":258},"Salesforce beat big on Q2, but a chunk of the headline came from an Anthropic markup. On September 16, management has to show that soaring AI usage is turning into money.",{"title":237,"description":258,"twitterTitle":237,"twitterDescription":258,"author":240,"articlePublisher":260,"articlePublishedTime":226,"articleModifiedTime":227,"twitterLabel1":261,"twitterData1":262,"ogTitle":237,"ogDescription":258,"ogUrl":232,"ogImage":235,"ogImageWidth":263,"ogImageHeight":264,"ogImageSecureUrl":235,"ogImageAlt":237,"twitterImage":235},"TIKR.com","预计阅读时间","2 minutes",1200,630,[266,281,296,311,326],{"id":255,"title":267,"date":268,"excerpt":269,"wordCount":270,"uri":271,"slug":272,"cloudinaryAssetId":273,"featuredImageOriginalUrl":274,"featuredImageMetadata":275,"author":276,"categories":278,"relatedPosts":280},"联合太平洋铁路公司股票850亿美元并购案进入实质审查阶段。以下是维纳向投资者传达的最新信息","2026-09-08 22:15:00","联合太平洋公司首席执行官在STB启动史上最大铁路合并案倒计时几天后与投资者进行了会谈。股价接近历史高位，协同效应计算未变，而真正的较量将围绕11月18日的截止期限展开。以下是管理层透露的信息以及数据指向的方向。",1282,"\u002Fblog\u002Funion-pacific-stock-85-billion-merger-just-entered-merits-review-heres-what-vena-told-investors-next","union-pacific-stock-85-billion-merger-just-entered-merits-review-heres-what-vena-told-investors-next","images\u002F9-2_1294937276d\u002F9-2_1294937276d","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903065\u002Fimages\u002F9-2_1294937276d\u002F9-2_1294937276d.png?_i=AA",{"altText":267},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":277},[],[279],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":282,"date":283,"excerpt":284,"wordCount":285,"uri":286,"slug":287,"cloudinaryAssetId":288,"featuredImageOriginalUrl":289,"featuredImageMetadata":290,"author":291,"categories":293,"relatedPosts":295},"CrowdStrike股票刚刚成为一家前沿AI实验室。以下是SafeMind对2026年该股票的意义","2026-09-08 22:05:00","在Fal.Con 2026大会上，CrowdStrike凭借其自研的网络安全模型和全新的收费模式，转型为一家前沿人工智能实验室。以下是SafeMind、一项代币化收入流，以及一个被提前设定的200亿美元年度经常性收入目标对该公司股票的意义。",1334,"\u002Fblog\u002Fcrowdstrike-stock-just-became-a-frontier-ai-lab-heres-what-safemind-means-for-the-stock-in-2026","crowdstrike-stock-just-became-a-frontier-ai-lab-heres-what-safemind-means-for-the-stock-in-2026","images\u002F7-2_1294911ceb3\u002F7-2_1294911ceb3","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903055\u002Fimages\u002F7-2_1294911ceb3\u002F7-2_1294911ceb3.png?_i=AA",{"altText":282},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":292},[],[294],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":297,"date":298,"excerpt":299,"wordCount":300,"uri":301,"slug":302,"cloudinaryAssetId":303,"featuredImageOriginalUrl":304,"featuredImageMetadata":305,"author":306,"categories":308,"relatedPosts":310},"雪佛龙股票在委内瑞拉加倍下注：这笔70亿美元的赌注对2026年的CVX股票意味着什么","2026-09-08 22:00:00","雪佛龙承诺投入70亿美元以将其在委内瑞拉的产量翻倍，次日华尔街将其目标价上调至高达243美元。但该股股价目前仍处于历史高点附近3%的范围内。",1118,"\u002Fblog\u002Fchevron-stock-doubles-down-on-venezuela-what-the-7-billion-bet-means-for-cvx-stock-in-2026","chevron-stock-doubles-down-on-venezuela-what-the-7-billion-bet-means-for-cvx-stock-in-2026","images\u002F6-2_129490ecd36\u002F6-2_129490ecd36","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903050\u002Fimages\u002F6-2_129490ecd36\u002F6-2_129490ecd36.png?_i=AA",{"altText":297},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":307},[],[309],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":312,"date":313,"excerpt":314,"wordCount":315,"uri":316,"slug":317,"cloudinaryAssetId":318,"featuredImageOriginalUrl":319,"featuredImageMetadata":320,"author":321,"categories":323,"relatedPosts":325},"埃克森美孚股票刚刚获得新的185美元目标价。该分析师仍不给出买入评级。","2026-09-08 21:55:00","Piper Sandler将埃克森美孚的目标价上调至185美元，但维持了持有评级。这种矛盾正是关键所在，而TIKR模型有助于解释其谨慎态度。",1229,"\u002Fblog\u002Fexxonmobil-stock-just-got-a-fresh-185-target-the-analyst-still-wont-say-buy","exxonmobil-stock-just-got-a-fresh-185-target-the-analyst-still-wont-say-buy","images\u002F5-2_1294896d26b\u002F5-2_1294896d26b","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903047\u002Fimages\u002F5-2_1294896d26b\u002F5-2_1294896d26b.png?_i=AA",{"altText":312},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":322},[],[324],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":327,"date":328,"excerpt":329,"wordCount":330,"uri":331,"slug":332,"cloudinaryAssetId":333,"featuredImageOriginalUrl":334,"featuredImageMetadata":335,"author":336,"categories":338,"relatedPosts":340},"Upstart股票贡献利润创下历史新高。该股交易表现仍像一家陷入困境的贷款机构","2026-09-08 21:50:00","Upstart自身的宏观指数显示违约风险比正常水平高出50%，然而该公司刚刚公布了创纪录的贡献利润以及多年来资本效率最高的季度。股价28美元，几乎未反映任何积极因素。",1248,"\u002Fblog\u002Fupstart-stock-contribution-profit-hit-an-all-time-high-the-stock-still-trades-like-a-broken-lender","upstart-stock-contribution-profit-hit-an-all-time-high-the-stock-still-trades-like-a-broken-lender","images\u002F4-2_129488000e7\u002F4-2_129488000e7","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903041\u002Fimages\u002F4-2_129488000e7\u002F4-2_129488000e7.png?_i=AA",{"altText":327},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":337},[],[339],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],[342,360,375,390,405,422,442,457,472,487,502],{"id":255,"title":343,"date":344,"excerpt":345,"wordCount":346,"uri":347,"slug":348,"cloudinaryAssetId":349,"featuredImageOriginalUrl":350,"featuredImageMetadata":351,"author":352,"categories":354,"relatedPosts":359},"戴尔股票在上涨316%后将于9月21日加入标普100指数。现在买入是否为时已晚？","2026-09-08 22:25:00","戴尔股价在创下历史新高几天后，传出将于9月21日被纳入标普100指数的消息。在2026年股价翻了三倍之后，其当前估值已蕴含了极高的增长预期。以下是数据实际支撑的情况。",1314,"\u002Fblog\u002Fdell-stock-joins-the-sp-100-on-september-21-after-a-316-run-is-it-too-late-to-buy","dell-stock-joins-the-sp-100-on-september-21-after-a-316-run-is-it-too-late-to-buy","images\u002F11-1_1294957df20\u002F11-1_1294957df20","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903074\u002Fimages\u002F11-1_1294957df20\u002F11-1_1294957df20.png?_i=AA",{"altText":343},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":353},[],[355],{"name":356,"slug":357,"uri":358,"description":243,"postsCount":255},"股票评论","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":255,"title":361,"date":362,"excerpt":363,"wordCount":364,"uri":365,"slug":366,"cloudinaryAssetId":367,"featuredImageOriginalUrl":368,"featuredImageMetadata":369,"author":370,"categories":372,"relatedPosts":374},"RTX股价自8月高点已下跌11%，即便在业绩展望上调后依然如此。现在终于到了买入时机吗？","2026-09-08 22:20:00","RTX在第二季度各项指标均超预期，上调了全年业绩指引，并刚刚获得一份价值229亿美元的\"战斧\"导弹合同。然而，该股股价自8月高点以来仍下跌了约11%。",1492,"\u002Fblog\u002Frtx-stock-has-slipped-11-from-its-august-high-even-after-a-guidance-raise-is-it-finally-time-to-buy","rtx-stock-has-slipped-11-from-its-august-high-even-after-a-guidance-raise-is-it-finally-time-to-buy","images\u002F10-2_1294947a645\u002F10-2_1294947a645","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903068\u002Fimages\u002F10-2_1294947a645\u002F10-2_1294947a645.png?_i=AA",{"altText":361},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":371},[],[373],{"name":356,"slug":357,"uri":358,"description":243,"postsCount":255},[],{"id":255,"title":376,"date":377,"excerpt":378,"wordCount":379,"uri":380,"slug":381,"cloudinaryAssetId":382,"featuredImageOriginalUrl":383,"featuredImageMetadata":384,"author":385,"categories":387,"relatedPosts":389},"苹果首次没有蒂姆·库克主持的发布会。以下是股票需要展示的要点","2026-09-08 21:45:00","15年来首次，蒂姆·库克不再掌舵苹果公司。约翰·特努斯接手之际，公司刚创下历史性季度业绩，却面临被苹果称为\"百年一遇洪水\"的内存成本压力，以及一位看空者声称折叠屏是仅剩的增长杠杆。周三的发布会将决定一切。",1222,"\u002Fblog\u002Fapples-first-keynote-without-tim-cook-heres-what-the-stock-needs-to-show","apples-first-keynote-without-tim-cook-heres-what-the-stock-needs-to-show","images\u002F3-2_129487f848c\u002F3-2_129487f848c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903035\u002Fimages\u002F3-2_129487f848c\u002F3-2_129487f848c.png?_i=AA",{"altText":376},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":386},[],[388],{"name":356,"slug":357,"uri":358,"description":243,"postsCount":255},[],{"id":255,"title":391,"date":392,"excerpt":393,"wordCount":394,"uri":395,"slug":396,"cloudinaryAssetId":397,"featuredImageOriginalUrl":398,"featuredImageMetadata":399,"author":400,"categories":402,"relatedPosts":404},"IonQ股票营收增长287%，股价仍较历史高点低53%。以下是该股未来可能的走向","2026-09-08 21:40:00","IonQ欠投资者一个它从未给出的数字：一份超越12月的营收预测。在季度增长287%和18亿美元代工协议之后，157亿美元估值的合理性，如今取决于管理层愿意对2026年之后做出怎样的承诺。",1350,"\u002Fblog\u002Fionq-stock-grew-revenue-287-and-still-sits-53-below-its-high-heres-where-the-stock-could-go","ionq-stock-grew-revenue-287-and-still-sits-53-below-its-high-heres-where-the-stock-could-go","images\u002F2-2_12948671ebe\u002F2-2_12948671ebe","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788903030\u002Fimages\u002F2-2_12948671ebe\u002F2-2_12948671ebe.png?_i=AA",{"altText":391},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":401},[],[403],{"name":356,"slug":357,"uri":358,"description":243,"postsCount":255},[],{"id":255,"title":406,"date":407,"excerpt":408,"wordCount":409,"uri":410,"slug":411,"cloudinaryAssetId":412,"featuredImageOriginalUrl":413,"featuredImageMetadata":414,"author":415,"categories":419,"relatedPosts":421},"CAVA股价在过去六个月下跌24%。首席运营官刚刚买入价值43.2万美元的股票。","2026-09-08 17:51:52","CAVA股价在过去六个月中下跌了24%，尽管第二季度营收跃升了31%，同店销售额达到9%，但华尔街的平均目标价仍基本维持在85美元不变。",1249,"\u002Fblog\u002Fcava-stock-has-fallen-24-in-six-months-the-coo-just-bought-432000-of-shares","cava-stock-has-fallen-24-in-six-months-the-coo-just-bought-432000-of-shares","images\u002FFEATURED-IMAGE-MAKER-1551\u002FFEATURED-IMAGE-MAKER-1551","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1788889398\u002Fimages\u002FFEATURED-IMAGE-MAKER-1551\u002FFEATURED-IMAGE-MAKER-1551.png?_i=AA",{"altText":406},{"name":416,"slug":417,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":418},"Gian 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15:42:33","ISRG股价现报约367美元，美国手术量疲软。查看TIKR估值模型、关键假设及乐观\u002F中性\u002F悲观情景分析。",1113,"\u002Fblog\u002Fintuitive-surgical-isrg-stock-valuation-2028-forecast","intuitive-surgical-isrg-stock-valuation-2028-forecast","images\u002FISRG-stock-@PhonlamaiPhotos-Images-via-Canva-@freedomz-via-Canva\u002FISRG-stock-@PhonlamaiPhotos-Images-via-Canva-@freedomz-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788864551\u002Fimages\u002FISRG-stock-@PhonlamaiPhotos-Images-via-Canva-@freedomz-via-Canva\u002FISRG-stock-@PhonlamaiPhotos-Images-via-Canva-@freedomz-via-Canva.png?_i=AA",{"altText":423},{"name":433,"slug":434,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":435},"Aditya 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15:42:00","EXC股价在44美元附近交易，PJM电网压力持续加剧。查看TIKR的估值模型、关键假设以及Exelon股票的乐观\u002F中性\u002F悲观情景分析。",1169,"\u002Fblog\u002Fexelon-exc-stock-valuation-2028-forecast","exelon-exc-stock-valuation-2028-forecast","images\u002FEXC-stock-@Yelantsevv-from-Getty-Images-via-Canva-@Krasnikova-Ekaterina-from-Изображения-пользователя-Kathleen-via-Canva\u002FEXC-stock-@Yelantsevv-from-Getty-Images-via-Canva-@Krasnikova-Ekaterina-from-Изображения-пользователя-Kathleen-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788866401\u002Fimages\u002FEXC-stock-@Yelantsevv-from-Getty-Images-via-Canva-@Krasnikova-Ekaterina-from-Изображения-пользователя-Kathleen-via-Canva\u002FEXC-stock-@Yelantsevv-from-Getty-Images-via-Canva-@Krasnikova-Ekaterina-from-Изображения-пользователя-Kathleen-via-Canva.png?_i=AA",{"altText":443},{"name":433,"slug":434,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":453},[],[455],{"name":438,"slug":439,"uri":440,"description":243,"postsCount":255},[],{"id":255,"title":458,"date":459,"excerpt":460,"wordCount":461,"uri":462,"slug":463,"cloudinaryAssetId":464,"featuredImageOriginalUrl":465,"featuredImageMetadata":466,"author":467,"categories":469,"relatedPosts":471},"过去12个月下跌39%，挪威邮轮股票能否在2028年前实现逆转？","2026-09-08 15:41:19","NCLH股价现处16美元附近，正处于业务转型中期。查看TIKR估值模型，了解挪威邮轮的关键假设及看涨\u002F中性\u002F看跌情景分析。",1095,"\u002Fblog\u002Fnorwegian-cruise-line-nclh-stock-valuation-2028-forecast","norwegian-cruise-line-nclh-stock-valuation-2028-forecast","images\u002FNCLH-stock-@elijah.lovkoffs-Images-via-Canva-@Kelly-from-Pexels-via-Canva\u002FNCLH-stock-@elijah.lovkoffs-Images-via-Canva-@Kelly-from-Pexels-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788868316\u002Fimages\u002FNCLH-stock-@elijah.lovkoffs-Images-via-Canva-@Kelly-from-Pexels-via-Canva\u002FNCLH-stock-@elijah.lovkoffs-Images-via-Canva-@Kelly-from-Pexels-via-Canva.png?_i=AA",{"altText":458},{"name":433,"slug":434,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":468},[],[470],{"name":438,"slug":439,"uri":440,"description":243,"postsCount":255},[],{"id":255,"title":473,"date":474,"excerpt":475,"wordCount":476,"uri":477,"slug":478,"cloudinaryAssetId":479,"featuredImageOriginalUrl":480,"featuredImageMetadata":481,"author":482,"categories":484,"relatedPosts":486},"过去12个月下跌31%，Pegasystems股票能否在2028年前复苏？","2026-09-08 15:40:50","PEGA股价在缓慢的ACV增长后交易于37美元附近。查看TIKR对Pegasystems股票的估值模型、关键假设以及看涨\u002F中性\u002F看跌情景分析。",1112,"\u002Fblog\u002Fpegasystems-pega-stock-valuation-2028-forecast","pegasystems-pega-stock-valuation-2028-forecast","images\u002FPEGA-stock-@metamorworks-from-Getty-Images-via-Canva-@AndreyPopov-from-Getty-Images-Signature-via-Canva\u002FPEGA-stock-@metamorworks-from-Getty-Images-via-Canva-@AndreyPopov-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788872863\u002Fimages\u002FPEGA-stock-@metamorworks-from-Getty-Images-via-Canva-@AndreyPopov-from-Getty-Images-Signature-via-Canva\u002FPEGA-stock-@metamorworks-from-Getty-Images-via-Canva-@AndreyPopov-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":473},{"name":433,"slug":434,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":483},[],[485],{"name":438,"slug":439,"uri":440,"description":243,"postsCount":255},[],{"id":255,"title":488,"date":489,"excerpt":490,"wordCount":491,"uri":492,"slug":493,"cloudinaryAssetId":494,"featuredImageOriginalUrl":495,"featuredImageMetadata":496,"author":497,"categories":499,"relatedPosts":501},"从高点下跌19%，Toast股票能否在2028年前实现反弹？","2026-09-08 11:55:00","TOST股价在创纪录的门店增长季度后交易于34美元附近。查看TIKR的估值模型、关键假设以及看涨\u002F中性\u002F看跌情景。",1101,"\u002Fblog\u002Ftoast-tost-stock-valuation-2028-forecast","toast-tost-stock-valuation-2028-forecast","images\u002FTOST-stock-@alengo-from-Getty-Images-Signature-via-Canva-@dogayusufdokdok-from-Getty-Images-Signature-via-Canva\u002FTOST-stock-@alengo-from-Getty-Images-Signature-via-Canva-@dogayusufdokdok-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788862389\u002Fimages\u002FTOST-stock-@alengo-from-Getty-Images-Signature-via-Canva-@dogayusufdokdok-from-Getty-Images-Signature-via-Canva\u002FTOST-stock-@alengo-from-Getty-Images-Signature-via-Canva-@dogayusufdokdok-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":488},{"name":433,"slug":434,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":498},[],[500],{"name":438,"slug":439,"uri":440,"description":243,"postsCount":255},[],{"id":255,"title":503,"date":504,"excerpt":505,"wordCount":506,"uri":507,"slug":508,"cloudinaryAssetId":509,"featuredImageOriginalUrl":510,"featuredImageMetadata":511,"author":512,"categories":514,"relatedPosts":519},"安霸股价大涨，创纪录的边缘AI需求推动第二财季营收超预期","2026-09-04 13:48:46","安霸股价上涨，此前该公司第二财季营收因创纪录的边缘AI需求而超出业绩指引，同时上调了五年市场预测。",810,"\u002Fblog\u002Fambarella-stock-rallies-record-edge-ai-revenue-beat","ambarella-stock-rallies-record-edge-ai-revenue-beat","images\u002FAMBA-stock_1286743f518\u002FAMBA-stock_1286743f518","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788526155\u002Fimages\u002FAMBA-stock_1286743f518\u002FAMBA-stock_1286743f518.png?_i=AA",{"altText":503},{"name":433,"slug":434,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":513},[],[515],{"name":516,"slug":517,"uri":518,"description":243,"postsCount":255},"收益更新","earnings-updates","\u002Fblog\u002Fcategory\u002Fearnings-updates",[]]