Salesforce, Inc.
Investment Thesis
Salesforce is trading at a deeply oversold valuation (-32% YTD) despite executing successfully on its AI transformation with 180+ Agentforce customers and strong fundamentals (10-11% guided growth). The company's $25B debt-funded buyback at current depressed prices, combined with operational momentum and government/enterprise AI adoption, creates asymmetric upside as the market has overpriced SaaSpocalypse risks relative to tangible monetization progress.
Why It May Work
Why It May Not Work
Timeline
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