Salesforce: Fair Valuation And Potential For 11.5% Annual Returns Going Forward

Salesforce (CRM) has been a favorite stock of mine for a long time now. The company has not seen the same love from all investors, as it has continuously been criticized for being overvalued, showing no intentions of reporting profits, and that its growth is reliant on future acquisitions. A little more than a month ago, the company lowered its guidance, which caused shares to decline, amid shareholder disappointment. While nothing tangible has changed since, shares have been hitting all-time highs, currently trading at around $193 apiece. As concerns towards shares being overvalued reemerge, let's examine whether Salesforce's current rally is justified and if shares have further fuel going forward.

https://seekingalpha.com/article/4357014-salesforce-fair-valuation-and-potential-for-11_5-annual-returns-going-forward