Steven Fiorillo
Seeking Alpha Analyst, Basis Point Podcast Co-Host
Salesforce's $25 billion accelerated share repurchase, the largest ASR in history and half of its $50 billion buyback program, should have an EPS impact people don't yet understand. Its numbers already made it very attractive, and the initial delivery of about 103M shares shows how bullish Marc Benioff is. x.comÂ
Salesforce's $25 billion accelerated share repurchase, starting Monday, March 16, and syndicated out over months, should provide at least a short-term floor for the stock. x.comÂ
Salesforce is betting on itself with a $27 billion stock buyback, which drove most of its very big earnings-per-share beat, and investors should bet on it too. Price target: $265 per share. x.comÂ
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.comÂ
Salesforce at a 52-week low trades like a broken business at about 11x forward earnings, yet it is 95% subscription with 77%-plus gross margins and $72 billion of RPO, up 14%. Marc Benioff has repurchased $27.1 billion, cutting diluted shares 10%, and says AI makes Salesforce stronger and the latest quarter had a record volume of large deals. A roughly 1% Anthropic stake bought for about $330 million is now worth over $8 billion, value the market is giving away free. x.comÂ
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.comÂ
Salesforce keeps falling despite a $25 billion debt-funded buyback, a sign of how loosely private credit lends. It issued $25 billion of senior notes in March to fund an accelerated buyback at $198.34, yet the stock is near $163 and below its 52-week low, while ServiceNow trades 20% above its own. A Barron's downgrade hinted at what people already knew: Marc Benioff is doing nothing to steer the company through the SaaS sell-off. x.com x.comÂ
Salesforce looks driven by real earnings growth rather than a re-rating, making it a fresh bet on software. Per a @newsinvesting outlook the post quotes, Salesforce shows a genuine earnings inflection and triple-digit Agentforce growth, not just multiple expansion. x.comÂ
Salesforce's proposed Braze acquisition opens another avenue for growth. The $5.7 billion all-cash price raises questions, though quality growth companies command a premium; whether this deal proves worthwhile remains to be seen. Closing is subject to Braze shareholder and regulatory approvals. x.comÂ
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 now has a fundamental catalyst to go with its technical recovery: a big EPS beat and an expanded Anthropic partnership launching Claudeforce. Claudeforce lets sales teams pull Salesforce data, draft emails, update CRM records and run sales actions directly in Claude, with 37 prebuilt Sales Skills in testing and a wider preview next month. The chart was already repairing amid a software rebound, with positive gamma exposure in options; breaking resistance would open more upside. x.comÂ
