$CRM

Explicit claim • strong conviction • basis: multiple relative

I've got Salesforce with a fair value of 458, which is still a double from here.

Explicit claim • strong conviction • basis: price target upside

I also updated my discounted cash flow valuation for Salesforce. I'm now valuing the company at $280 per share. The current market price is $233. So, I've calculated about 20% upside over the next 12 to 18 months for Salesforce stock. ... The stock is now trading at a forward price to earnings of 14.6, which is still near the lowest levels that the stock has traded at on that metric over years.

Explicit claim • strong conviction • basis: multiple relative

The company is now trading at the market cap of 134 billion dollars at a P ratio of 19 and one of the cheapest it has ever been with a dividend yield of 1% while also buying back shares aggressively.

Explicit claim • strong conviction • basis: multiple relative

So I think Salesforce is in a really good spot here. So the question is, is Salesforce cheap? It's definitely a lot cheaper than it used to be. You're looking at 16 times earnings. It's still growing like 7 to 10% a year. And I think the business is stickier than most people are giving credit for. So I think this business is cheap. I think you would do quite well with Salesforce.