Company Commentary on Salesforce

9 days ago

Joseph Carlson

"Now, another company that I'm focused on, but I haven't bought today, is Salesforce. Salesforce just had their Dreamforce convention where they outlined aggressive plans to reacelerate organic growth back to over 10%. They also showcased a slide indicating operating margins could double from 17% to 34% and free cash flow could jump from $4 billion to $14 billion by 2025, with 99% returned to shareholders via buybacks or dividends. Even though this has been my worst performer, I'm still going to hold it because I believe there is far more upside than downside in this company, and I could see it easily moving into the $330 range."

The host provides a detailed commentary on Salesforce, noting its impressive forward-looking metrics such as margin expansion and free cash flow growth. Despite underperformance, he remains committed by holding the stock, anticipating that upcoming growth catalysts could drive the share price into the higher range.

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