Added to YB: 2024-06-10
Pitch date: 2024-06-09
CRM [bullish]
Salesforce, Inc.
+9.45%
current return
Author Info
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Company Info
Salesforce, Inc. provides customer relationship management technology that connects companies and customers together worldwide.
Market Cap
$243.2B
Pitch Price
$239.59
Price Target
N/A
Dividend
0.64%
EV/EBITDA
19.59
P/E
34.65
EV/Sales
6.04
Sector
Software
Category
growth
Salesforce, Inc. – The sell-off presents an opportunity. I am buying.
CRM -13% last week on mixed Q1 & slowing growth. Low-teens rev growth vs 20-30% prior; Q2 guide 7-8% below est. But still a tech & AI leader: dominates $65B CRM market (22% share), gaining vs legacy SAP/ORCL. Einstein AI + 250PB data a huge opp. Op margin +12pts in 12 qtrs, FCF +43% YoY. Valuation compelling: 23.5x FY25 EPS (50% disc to hist), 1.15 PEG. 26x FY27 EPS = $338 PT, 13% CAGR. Near-term pressure, but LT thesis intact. Benioff selling a flag but still 4.3% owner.
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