Celsius was assigned a $185 price target.
Source Post
Wall Street and Insiders Are Selling SaaS; Here's Why
Jul 21, 2026
The creator discusses a "SAS apocalypse" with significant year-to-date declines in SaaS stocks like Workday, Service Now, Adobe, Salesforce, and Intuit, despite improving fundamentals. A Morgan Stanley report is highlighted, which rated Microsoft, Palo Alto, CrowdStrike, Cloudflare, Datadog, Service Now, Snowflake, and Shopify as overweight in the AI era, while expressing caution on Salesforce and Adobe. The report initiated underweight ratings for Adobe with a $240 price target, citing AI substitution risks and internal transitions, and equal weight ratings for Salesforce due to mixed performance across its segments.
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Shopify is mentioned as an overweight-rated stock in the SAS sector.
Snowflake is mentioned as an overweight-rated stock in the SAS sector, with S3 launching ARGIS for its platform.
Intuit is mentioned as a SaaS stock down significantly year-to-date.
Workday is mentioned as a SaaS stock down significantly year-to-date and is rated underweight by Morgan Stanley.
Service Now is highlighted as a potential winner in the AI era by Morgan Stanley, receiving an overweight rating.
Salesforce received an equal weight rating from Morgan Stanley, with the report noting strong momentum in Agent Force and Slack but offset by weaker areas like commerce and Tableau, leading to slowing organic growth.
Adobe is facing an underweight rating from Morgan Stanley with a $240 price target due to AI substitution risks and internal transitions, despite its strong creative professional business.
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