Edmond Safra’s EMS Capital’s Top 5 Stocks

4. salesforce.com, inc. (NYSE:CRM)

EMS Capital’s Stake Value: $83,760,000

Percentage of EMS Capital’s 13F Portfolio: 6.56%

Number of Hedge Fund Holders: 108

salesforce.com, inc. (NYSE:CRM) is a cloud-based software that enables customer relationship management, application development, data analytics, and marketing automation. salesforce.com, inc. (NYSE:CRM) is a top stock pick of Edmond Safra, who owns 342,900 shares in salesforce.com, inc. (NYSE:CRM) via EMS Capital, worth $83.76 million, representing 6.56% of the firm’s 13F portfolio as of the second quarter. 

At the end of June, 108 hedge funds were bullish on salesforce.com, inc. (NYSE:CRM), up from 91 in the preceding quarter. 

Deutsche Bank analyst Brad Zelnick on November 1 set a $360 price target on salesforce.com, inc. (NYSE:CRM), and kept a Buy rating on the stock. He believes that salesforce.com, inc. (NYSE:CRM) is underestimated by buyers, and investors seem to neglect its growth potential and the speed at which salesforce.com, inc. (NYSE:CRM) is succeeding currently. 

Here is what Polen Capital has to say about salesforce.com, inc. (NYSE:CRM) in its Q3 2021 investor letter:

“Salesforce came under pressure earlier in the year after agreeing to purchase Slack for about $26 billion. Since then, management has articulated well the strategic rationale and integration of Slack into its other software offerings and has demonstrated continued double-digit organic revenue growth within its legacy product offerings. At its recent investor day, the company also outlined long-term growth plans in line with our estimates but probably above what others may have been expecting, especially on margin expansion.”