CRM · suggested 2026-08-09
Salesforce sells the software companies use to manage sales, service and customer data, the biggest name in customer-relationship software and squarely in the software and SaaS theme. It is liked for an elite gross margin near 77 percent, strong and growing free cash flow, a shrinking share count and a valuation far cheaper than the AI-chip names. The concerns are slowing growth and an AI product story that is not yet proven in the numbers.
Where this sits in the cycle
Salesforce is late-cycle enterprise software: more defensive than the AI-chip names but exposed to softer corporate IT budgets if the weakening jobs picture broadens, so the cheaper price is doing real work here.
The diary
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CRM · suggested 2026-08-09
248,34 USD
+28,8% since suggestion at 192,74 USD
iShares Global Tech Index, the bet to beat: -3,9% over the same stretch
Daily closes, the newest refreshed through the trading day.
Today the price sits 25% above its 50-day average and 23% above its 200-day average.