Digital Transformation Leaders: CRM, SNOW, SPLK

<p>Digital transformation and cloud computing are themes causing change, says Derrick Wood of Cowen. He discusses the Slack acquisition by Salesforce (CRM) and the stronger margins put up by Salesforce this quarter. Cowen has an outperform rating on Salesforce. He says Snowflake (SNOW) is one of the biggest powerhouse in software today. Cowen raised their price target on Snowflake to $335 from $310. He gives his thoughts on Splunk (SPLK) and has a market perform rating on Splunk. </p><p><br></p>