Is Salesforce Stock A Buy Before Earnings? Why I'm Buying

Nov. 22, 2022 6:58 PM ETSalesforce, Inc. (CRM)12 Comments


  • Salesforce is the original SAAS stock and has become a mature tech company.
  • Salesforce generates positive GAAP free cash flow and is still growing revenues at a double-digit pace.
  • While macro conditions will impact the near term, management has given ambitious FY26 targets including a 17% revenue CAGR.
  • The stock is still too cheap here - I reiterate my buy rating.
  • Looking for a portfolio of ideas like this one? Members of Best Of Breed Growth Stocks get exclusive access to our subscriber-only portfolios. Learn More »

Fortune Global Forum - Day 2

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Salesforce (NYSE:CRM), long seen as the pioneer of the entire software as a service (‘SAAS’) industry, has seen great volatility amidst the tech stock crash. Unlike some other tech stocks, CRM never saw its valuation bid up to bubbly

Data by YCharts

revenue and margins

FY23 Q2 Presentation

disaggregation of revenue

FY23 Q2 Presentation

cash and equivalents

FY23 Q2 Presentation


FY23 Q2 Presentation

earnings result

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earnings expectation

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multi-cloud customers

2022 Investor Day

multiple-cloud advantages

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FY26 targets

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operating leverage

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consensus estimates

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M&A track record

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share repurchase program

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This article was written by

Julian Lin profile picture
High conviction investment ideas in the winners of tomorrow.

Julian Lin is a top ranked financial analyst. Julian Lin runs Best Of Breed Growth Stocks, a research service uncovering high conviction ideas in the winners of tomorrow. 

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Disclosure: I/we have a beneficial long position in the shares of 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.

Additional disclosure: I am long all positions in the Best of Breed Growth Stocks portfolio.

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