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'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 is no longer cheap enough given how much wallet share core CRM is losing. Organic growth only matches nominal GDP despite a massive increase in agentic spending, and large enterprises increasingly see Salesforce as a data pipe for their own custom agents, an ex-growth business that deserves a low multiple. The Informatica acquisition doubles down on that weak model. Salesforce was too cheap at 12x non-GAAP earnings, but near high-teens it is fair, and terminal risks have not abated. … Show more

Salesforce is being treated as a slow, outdated software company even as it keeps growing recurring revenue, expanding margins and converting its massive customer base into earnings. Its latest quarter delivered 16% cRPO growth and a 52% jump in GAAP EPS. The narrative changes when Agentforce and its wider AI strategy become a measurable revenue driver rather than another product announcement. x.com 

Salesforce has serious tail upside from explosive growth in agentic AI use, while its 16x P/E prices in only decline, which justified its 20% rally. x.com 

Salesforce is fully priced, even a little more than worth paying, for roughly 12% annual growth: trailing revenue of $43B is expected to reach $63B by 2030. A lower price would be needed for a long-term position, and it is not a buy-and-forget stock. x.com  x.com 

Salesforce will probably do OK because it is so deeply embedded with customers, but it may be a cigar butt whose returns come out acceptable without real organic growth. x.com 

Salesforce is being re-rated from a slowing company to a growth company again, and re-rating returns can be insane. At 13x it was priced for the end of growth forever until Claudeforce changed the perception, sending the stock 150% beyond its expected move. As with Micron, Intel and Atlassian, a stock written off as mature sees growth return and its multiple expand, so investors get both earnings and a higher multiple. x.com  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 

Meta's better-than-expected revenue is why it should return to its roughly $800 all-time high. Revenue rose 26.1% year over year to $64.60 billion, above the $63.37 billion analyst estimate; quarterly EPS was $3.83 and net income was $9.86 billion. x.com  x.com