Salesforce: You'll Regret Not Picking Up This 22x P/E Bargain

Sep. 07, 2024 8:36 AM ETSalesforce, Inc. (CRM) StockORCL, NOW5 Comments1 Like
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Summary

  • Salesforce has recovered from a May selloff, showing robust sales and profit growth, and closed its stock chart gap, a bullish indicator.
  • The company is undervalued at 22x leading profits, with strong growth prospects, share repurchases, and a new AI acquisition to boost future growth.
  • Salesforce's 2Q25 earnings were strong, with operating income up 21% YoY, and the company raised its profit guidance for the current fiscal year.
  • The acquisition of AI voice agent firm Tenyx highlights Salesforce's commitment to leveraging AI, enhancing its CRM platform's appeal and growth potential.

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Salesforce Inc. (NYSE:CRM) went through a period of panic selling in May, but the stock has fundamentally recovered and even managed to fully close its gap in the stock chart, a bullish indicator.

In the last quarter, Salesforce also

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