Salesforce: Buy This Bottom Aggressively

Aug. 21, 2022 12:59 PM ETSalesforce, Inc. (CRM)28 Comments


  • Salesforce is scheduled to report its Q2 earnings release on August 24. As a result, the market's attention has turned to macro headwinds impacting enterprise IT spending.
  • Therefore, we urge investors to focus on management's commentary on whether it sees marked weakness in IT spending that could affect its growth.
  • However, we posit that Salesforce's growth cadence should remain robust even if topline growth normalizes further. Moreover, its focus on driving profitability should spur a re-rating.
  • Coupled with our assessment of a sustained bottom in July, we postulate that CRM's downside seems limited from here.
  • Accordingly, we revise our rating from Hold to Buy.
  • I do much more than just articles at Ultimate Growth Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Salesforce New York City



Salesforce, Inc. (NYSE:CRM) is slated to report its highly anticipated FQ2'23 earnings release on August 24. As SaaS stocks were hammered, the enterprise cloud computing leader's stock has come under significant pressure over the past seven to eight

Salesforce Sales Cloud change % and Service Cloud change %

Salesforce Sales Cloud change % and Service Cloud change % (Company filings)

Salesforce RPO change %

Salesforce RPO change % (Company filings)

Salesforce revenue change % and adjusted EBIT change % consensus estimates

Salesforce revenue change % and adjusted EBIT change % consensus estimates (S&P Cap IQ)

CRM TTM P/FCF valuation trend

CRM TTM P/FCF valuation trend (koyfin)

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Disclosure: I/we have a beneficial long position in the shares of MSFT, CRM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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