CRM
Salesforce, Inc.
stock NYSE

Customer relationshit management (CRM)

NOW, MSFT, TEAM (check their last earnings before say anything), CRM

Match Group is down massively since 2021. Narrative is that online dating is dead and Tinder has grown stale due to short term monetisation and predatory algorithms. The "new" ceo though, is breaking down silos, making dating fun again and reinstating focus on innovation. Match is performing massive share buybacks.
Link: [Match Group’s New Leadership: A Turnaround for the Dating Conglomerate – MultipleStrategy](https://multiplestrategy.com/2026/04/22/match-group-update/)
Link: [Exploring alternative valuation methods - an analysis of Match Group \[MTCH\] : r/ValueInvesting](https://www.reddit.com/r/ValueInvesting/comments/1td40t2/exploring_alternative_valuation_methods_an/)
Teleperformance is down YTD massively. Chat bots and agents are taking market share.
They recently changed their CEO to a ex AI consultant - planning to implement AI across their organisation.
The bull thesis is that chat bots are still not sufficient for comprehensive customer support, and at a PE around 6 - the market might be too aggressive in their assumptions on AI, chat bots and their market share. I am not really bullish, but it is a turn around case. The bear thesis (imo) is that Teleperformance AI capabilities are severely out competed in both verticals and horizontals. Furthermore, investing and implementing in AI might be expensive - at the cost of the thesis: cigar butt approach. It is still unclear, what direction they will end up taking.
Link: [Don’t feed the dog, with the cash cow! – MultipleStrategy](https://multiplestrategy.com/2026/06/29/in-investing-one-cant-be-afraid-of-every-shadow/)
Rockwool is my favourite. But it is not a turn around case - for anything but the share price. Rockwool had headwinds with asset seizures in Russia and elevated energy cost. This conservative quality company with plenty of tailwinds is now trading at around PE 15 (adjusted for the write downs).
Link: [Valuation Rockwool – MultipleStrategy](https://multiplestrategy.com/2026/02/03/rockwool-3/)
Other depressed multiples to historical norms can be found in consultancy or software.
I recently added SAP (3%), CRM (3%) & HUBSPOT (3%) to my portfolio.
I have shares in Rockwool (around 20%).
I have shares in Match Group (around 10%).

Not financial advice.
I can have made mistakes.
Do your own research.

The supply chain is way more complex than then what you enumerate. Way more. Large companies spend magnitude more on erp than on crm. Loads of master data and business rules on sourcing, mfg, supply chain, employees and yes clients. Googled how much the erp of a big Pharma like would have costed and it mentions between a quarter and half a billion $.
Gemini: “Typically, an ERP implementation costs **2x to 4x more** than a CRM deployment for the exact same company.”

**Salesforce (CRM) — Intrinsic value per share** (trading at $163 today; base case ★ = $210)
|Revenue CAGR (10yr) ↓ / Yr-10 GAAP op margin →|24%|26%|28%|30%|32%|
|:-|:-|:-|:-|:-|:-|
|**6%**|$133|$145|$156|$168|$179|
|**8%**|$154|$167|$181|$195|$208|
|**10%**|$178|$194|**$210 ★**|$226|$242|
|**12%**|$206|$225|$244|$263|$282|
|**14%**|$238|$260|$283|$305|$328|
SaaS names got hit hard on AI fears and the multiples collapsed. But there's been a bounce lately, and that's the real question: dead cat, or a true re-rating?
Over this **SaaSpocalypse series** I'll run through multiple SaaS stocks the same way each time: back-of-the-envelope math, a few honest lines on whether AI is actually a risk here or not. No 15-minute essays.
**AI Risk: Medium -** Agents could compress seat counts, owns the customer system-of-record, deep enterprise workflows, Data Cloud, Slack, and is already monetizing Agentforce/Data 360 at scale.
>
**Sensitivity Matrix:** downside risk is quite low even at compressed margins
**Salesforce (CRM) — Intrinsic value per share** (trading at $163 today; base case ★ = $210)
|Revenue CAGR (10yr) ↓ / Yr-10 GAAP op margin →|24%|26%|28%|30%|32%|
|:-|:-|:-|:-|:-|:-|
|**6%**|$133|$145|$156|$168|$179|
|**8%**|$154|$167|$181|$195|$208|
|**10%**|$178|$194|**$210 ★**|$226|$242|
|**12%**|$206|$225|$244|$263|$282|
|**14%**|$238|$260|$283|$305|$328|

I don't agree as I think ADBE still sucks ass. But, props for the guts in gambling that much and giving it enough time.
If I were to bet on shit software, I might go with NOW or CRM.

You're welcome! You're doing good so far. Fortunately NOW is a good company. Just remember, it's a marathon, not a sprint. NOW is a good buy. People are talking like SAAS is dead but they are wrong, at least when it comes to CRM and NOW. Analysts are mixed about PLTR though but man, they are a cash cow, which is good. Analysts are mixed on SAAS but Service Now is a good company. They are profitable, most say they are a buy and long term hold. Morning Star rates them as a 4 out of 5 with Economic Moat being Narrow. Learn this term, MOAT. I've been watching now and despite being in IT, software isn't my Jam but I'd probably take flier on it since also like making money lol Seeking Alpha, which is an aggregator of analysts new and their own rating systems notes that SA analysts as a "buy" and Wall Street as a "strong buy". Quant rating is a hold.
Another thing, just because you like a company, don't necessarily just invest in them just because you like them without doing research. I'm in tech and have a passion for tech, so that's what I lean towards since I also know it. But I have some consumer staples and a few other areas to diversify.
Know 52W H & Lows and PE Ratio.
You can't time the market, it really is about length in market. When everyone is panicking selling, it's usually a good time to buy but have to watch the trend and news so you don't buy the dip on a falling knife.
Buying in small blocks is good to for dollar cost averaging and if you're unsure if a stock is starting to take off or if it's going to dip.

Salesforce (CRM.US)$
sitting below every Vegas Tunnel EMA on the weekly. EMA576 at 182, EMA676 at 170, price at 166. Either genuinely broken or the most oversold it's been in years.
Morningstar flagged Fair Value at $280 vs current $166, 68% gap. Agentforce momentum real, switching costs high, still only 30% of a market growing 10% a year. Two minutes to get the full picture.
Chart says oversold. Fundamental Engine says deeply undervalued. Both pointing the same way. Started building a long here, not looking for a new all-time high, just riding the mean reversion back toward the tunnel.

I pick with "never to sell" horizon.....pays off as winners pull any or all losers by several margins (and yes I have picked lasers too). It's only when I see the true fundamental of business challenged or disrupted I exit....no emotional bias
Tech - Google Microsoft Amazon Meta Nvidia AMD Broadcom
I have been loading up on "disrupted by AI" theme stocks - Adobe, CRM, NOW, Pubmatic, Twilio, Duolingo, Spotify
And last bet purely asymmetric Ford. Picked up because my friend works in EV and he told me how Ford is repurposing them to BESS which I feel will be huge catalyst (Ford gets valued as traditional automaker but if their pivot to Ford Energy is successful imagine re ratings, earnings growth and multiples it can command maybe not as Tesla but still). Worse case it pays be 5% dividend so 20yrs all paid!

I paper handed the ones below at those prices:
Nvidia at 130.
Alphabet at 200.
Nebius at 90.
Reddit at 150.
Hood at 50.
Apple at 240.
ASML at 750.
Always sold for profits but they could have been so much more. The biggest regret is ASML and NBIS. Recently bought MSFT, NOW and CRM. Hopefully will paperhand a bit late this time.

Totally agree, enterprise owners aren't just gonna hand the keys to some big model. It'll come through trusted SaaS providers like CRM, NOW, or PLTR that already sit inside the firewall.

I don’t trade it because it’s too much of a meme stock. Too many people with strong feelings for and against. Too political and too much potential for government influence. And frankly like many I don’t really understand their business. I buy what I know and I know enterprise s/w like SAP, CRM,NOW, CRWD, Oracle, IBM from my time working for IBM.

Gonna buy some CRM now