Is CRM a good stock to buy? We came across a bullish thesis on Salesforce, Inc. on r/Valueinvesting by ekonixlab. In this article, we will summarize the bulls’ thesis on CRM. Salesforce, Inc.’s share was trading at $194.13 as of March 11th. CRM’s trailing and forward P/E were 24.89 and 14.75 respectively according to Yahoo Finance.
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Salesforce, Inc. provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific. CRM is being mischaracterized by the market as a company facing structural disruption from AI, but the data tells a different story.
While FY27 guidance implies 7–8% organic growth, this deceleration is normal for a $45 billion revenue base and reflects the law of large numbers, not structural disruption. There is no evidence of revenue declines, customer churn, collapsing gross margins, or lost pricing power—hallmarks of true disruption.
AI adoption is expanding Salesforce’s platform rather than replacing it, with Agentforce ARR growing 169% YoY to $800 million and Agentforce combined with Data 360 exceeding $2.9 billion, up 200% YoY. The company’s backlog, measured by cRPO, continues to grow in double digits, up 16% in Q4 and guided at 14% for Q1, showing strong forward demand rather than any signs of a “SaaSpocalypse.”
Capital allocation also reflects confidence, with a $50 billion buyback authorization and a dividend increase, signaling durable free cash flow and margin strength, not a struggling business. The narrative of AI-induced disruption has created sentiment-driven multiple compression, offering entry points for investors, while slower but stable growth continues alongside the ramp of AI monetization.
Salesforce is unlikely to return to 20% revenue growth, but it is far from a declining legacy SaaS business; instead, it is a high-single-digit grower with meaningful AI expansion trading at a valuation that implies far more risk than the fundamentals warrant. The company’s strong platform, resilient demand, and disciplined capital returns suggest that current market fears over AI disruption are overblown and mispriced, making CRM an attractive opportunity for investors seeking stable growth with upside from AI adoption.
Previously, we covered a bullish thesis on Salesforce, Inc. (CRM) by Quality Equities in April 2025, highlighting its resilient fundamentals and long-term opportunities despite market volatility. CRM’s stock price has depreciated by approximately 21.48% since our coverage due to fears over AI disruptions. ekonixlab shares a similar view but emphasizes that AI is expanding the platform, with strong backlog growth, disciplined capital allocation, and steady organic growth.
