CRM - Good entry point for the long-term

1 มี.ค. 2021

Salesforce is offering a good entry at these levels. Area below offers different psychological support thresholds. CRM topped latest earnings estimates but missed 2022 FY profit and free cash flow guidance. This moved the stock down, coupled with the market shake-off of the last days. CRM has shown 3Y EPS Growth rate of 34% and 3Y Sales Growth rate of 27%. The company has large room to improve earnings since it deploys a great part of revenues into R&D (which itself might in turn be the source of future additional revenue). The company is also growing through a set of acquisitions (Slack, Tableau - my favorite - & others). The P&L can still improve when synergies are fully exploited. Overall, despite the low momentum (which brought us here in first place), CRM seems to be a good bet for the future.