In this article, we discuss Ricky Sandler’s Eminence Capital’s top 5 stocks. If you want our detailed analysis of these stocks, go directly to Ricky Sandler’s Eminence Capital’s Top 10 Stocks.
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. Lithium prices have more than doubled over the past year, so we are checking out this emerging lithium stock. We go through lists like the 10 best growth stocks to buy to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Now let’s take a look at Eminence Capital’s top 5 stock picks:
5. salesforce.com, inc. (NYSE:CRM)
Eminence Capital’s Stake Value: $246,883,000
Percentage of Eminence Capital’s 13F Portfolio: 3.03%
Number of Hedge Fund Holders: 108
salesforce.com, inc. (NYSE:CRM) is a software company that is recognized for its cloud services and CRM solutions. salesforce.com, inc. (NYSE:CRM)’s suite of applications also help clients with marketing automation, customer service, application development, and data analytics, via its one-stop CRM solution, Customer 360. The company aims to enhance integrated collaboration worldwide, and has greatly benefited during the COVID-19 pandemic, when employees began remote work and salesforce.com, inc. (NYSE:CRM) became an integral tool for collaboration and data management.
Sandler’s Eminence Capital owns roughly 1 million shares in salesforce.com, inc. (NYSE:CRM), worth $246.88 million, representing 3.03% of Sandler’s Q2 portfolio.
108 hedge funds were bullish on salesforce.com, inc. (NYSE:CRM), with stakes valued at $11.76 billion at the end of June, as compared to 91 hedge funds in Q1, with stakes worth $8.83 billion.
On November 1, Morgan Stanley analyst Keith Weiss raised the price target on salesforce.com, inc. (NYSE:CRM) from $345 to $360, and kept an Overweight rating on the stock.
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.”
