Trading at lower price level, potential for upside.

Based on YoY and QoQ growth, CRM ended Q3 with strong revenue and net income. Net income were 360, 1,110, and 126 million respectively from 2018 to 2020. In 2021, net income was 4,072 million. It grew approximately 1131% since 2018 and 366% since 2019 (which was highest in 3-year period). Arising from that, it appears CRM management have been successful in mitigating impacts of COVID-19. CRM has acquired an additional Co-CEO, who possess an extensive knowledge in the business world and entrepreneurship; employed at Google and contributed to the success of Google map, started own company that was acquired by FB, and then founded another company which was evidently acquired by Salesforce. Strong management team is necessary in the current market condition, unmistakably shown in the past year due to COVID-19 revealing that some businesses fail to adjust. The guidance for SalesForce Q4 is the additional revenues and net income added to finish the year strong. This was presented by the management team that each product SalesForce has are showing durable growth.

SalesForce currently sits on 5,511 FCF.

Yorum:

I don't think bearish momentum would last. CRM has a really strong forward prospect. That being said, it may be the earnings where stock would appreciate somewhat exponentially.