Salesforce is a company that cannot win on talent or product, making it one to avoid, though this view has been wrong before. x.com 

Salesforce faces real AI threats: more competition, margin headwinds from compute costs and disruption risk for businesses like Tableau and Service Cloud. Agentforce is showing some momentum, and the stock felt oversold earlier, but it is not attractive at current levels. x.com 

Salesforce's poor M&A is literally half the reason its multiple stays low. Slack and Informatica are cited as examples, with Braze raised as a question; AI making Tableau obsolete in a few years would be a separate risk, not itself poor M&A. x.com 

Salesforce looks less attractive than ServiceNow at this point, making a rotation from Salesforce into ServiceNow worth considering. x.com 

Salesforce's execution has been abysmal, and the market will never trust Marc Benioff. Fifteen years ago, people hired from Salesforce helped companies scale; the Salesforce people encountered now are genuinely very bad. It might still work, but it is hard to back. x.com 

Salesforce, at the forefront of CRM for decades, is far likelier to build an even better product for the AI era than companies are to build their own CRM, making it the favorite SaaS name. The case examines what it would take for Salesforce to compound about 27% a year over the next five years. x.com  x.com  x.com 

Salesforce looks vulnerable long term because users hate it and will happily switch to alternatives, while in the AI era users actually liking a product will be a key moat for SaaS stocks. Adobe showed this when users who hated it switched more easily to Figma. Present-day fundamentals look great across these companies, so the threat is still theoretical. x.com 

Salesforce is underweight because it is adding debt for buybacks just as its AI pivot makes growth less certain. It issued $25 billion of senior notes to fund an accelerated buyback, and S&P revised its outlook to negative as leverage nears the 2x downgrade trigger; weak demand forced a 40 basis point concession. Core SaaS growth is slowing to high single digits, and Agentforce plus Data 360, at $2.9 billion ARR, are under 7% of revenue, exposed if AI seat cannibalization outpaces usage credits. … Show more

Salesforce's strong free cash flow and healthy balance sheet support its setup as enterprise AI adoption, Agentforce and AI-driven workflow automation advance. Its earnings gap on four times average volume has been followed by a tightening formation. x.com  x.com 

Salesforce is a great business, but SaaS names need to reaccelerate in this market and its growth is not enough today. Organic constant-currency growth is about 8–9%, fiscal 2027 free cash flow guidance came in below buy-side expectations, and Agentforce apps grew just 9% year over year, the slowest in years. Private SaaS metrics and Snowflake's latest report make that bar higher. x.com