Salesforce: Undervalued? Or Just Overhyped... Again?
Salesforce, huh? Another tech darling teetering on the edge of "undervalued" status according to… who, exactly? These "analyst targets" always crack me up. It's like they're pulling numbers out of a hat, then trying to convince us it's based on some divine algorithm we simpletons can't possibly comprehend.
The article says it's 24.5% undervalued, with a "fair value" nearly $80 higher than the current price. Okay, sure. And I've got a bridge to sell you in Second Life.
This whole narrative hinges on "bold expansion bets" and "potential future margin improvements." Potential? That's the best they got? Potential is what I have to win the lottery. Doesn't mean I'm quitting my day job, does it? Give me a break. What expansion bets, anyway? Are they finally gonna fix their godawful user interface that looks like it was designed by a committee of colorblind chimpanzees?
AI Savior or Another Buzzword Bingo?
Then there's the AI angle. Of course, there's an AI angle. Every damn company is slapping "AI" on everything they do these days, hoping the stock price will magically levitate. Salesforce is no different. "Agentforce," "Data Cloud," "AI ARR"... it's all just marketing jargon designed to bamboozle investors who don't know the difference between machine learning and a toaster oven.
They're bragging about 40% of new "agentic bookings" coming from existing customers. So what? Existing customers are already locked into the ecosystem. It's like saying McDonald's is seeing huge growth in Big Mac sales from people who already eat at McDonald's every day. Groundbreaking stuff, really groundbreaking stuff.
And "triple-digit growth in Data Cloud and AI ARR"? Let's see the actual numbers, people. Percentages are meaningless without context. If you're starting from zero, anything looks like triple-digit growth. It's like saying my cat's Instagram following grew by 500% this week... because three people followed him.
But hey, they admit that "intensifying competition and data privacy regulations" could throw a wrench in the works. Finally, some honesty. But even that's couched in the language of corporate damage control. "Potentially reshaping sentiment around its long-term valuation story." Translation: "We might be screwed."
Oh, and before I forget: the article is brought to you by Simply Wall Street. Offcourse they have "no position in any stocks mentioned." Wink wink, nudge nudge. Salesforce (CRM): Is the Stock Undervalued After Recent Narrow Trading Range?
Building Your Own Narrative... of Delusion?
The article encourages you to "build your own Salesforce narrative." As if I have the time or inclination to wade through their financial reports and analyst projections. I'd rather watch paint dry. At least that's honest about what it is.
Seriously, who has the time for this? We're all just trying to survive in this garbage fire of a world, and they expect us to become amateur financial analysts on top of everything else? No thanks.
Then again, maybe I'm the crazy one here. Maybe everyone else is happily crunching numbers and building their own narratives while I'm sitting here ranting like a lunatic. Maybe I should just shut up and buy some Salesforce stock. Maybe... nah.
Is This Just Wishful Thinking?
Look, I'm not saying Salesforce is a bad company. They're a behemoth in the CRM space, and they've got a lot of smart people working for them. But this whole "undervalued" narrative feels like a desperate attempt to pump up the stock price. It's the same old song and dance we've seen a million times before in the tech world. And I ain't buying it.
