Top 5 Stock Picks of Girish Kumar’s TenCore Partners

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1. Salesforce.com, Inc. (NYSE:CRM)

Girish Kumar’s TenCore Partners’ Stake Value: $124,782,000

Percentage of Girish Kumar’s TenCore Partners’ 13F Portfolio: 17.24%

Number of Hedge Funds: 119

Stock Price as of December 31: $254.13

Salesforce.com, Inc. (NYSE:CRM) is a software company providing customer relationship management (CRM) services through cloud-based software that cater to various aspects of CRM. The stock has been a part of Kumar’s portfolio since Q4 2019, and since then, the hedge fund has increased its holdings by more than three times in terms of the number of shares owned as compared to its initial holding.

In a report issued on December 22, Kirk Materne at Evercore ISI revealed Salesforce.com, Inc. (NYSE:CRM) as his top stock pick for 2022 with a price target of $375 and an Outperform rating.

In its Q3 2021 investor letter, Polen Capital discussed its stance on Salesforce.com, Inc. (NYSE:CRM). Here’s what the investment management firm said:

“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.”

You can also take a peek at the 10 Cheap ESG Stocks To Invest In and David Zorub’s Parsifal Capital Management’s Top 10 Stocks.

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