Skip to main content

Salesforce Stock Is a Buy as Slack Deal Closes, Jim Cramer Says

Author:
Publish date:
Video Rating:
TV-G
Video Duration:
1:30

And just like that, the DoJ finally gave salesforce.com  (CRM)  a little 'Slack' allowing the company to complete its long-awaited acquisition of Slack  (WORK)

Jim Cramer spoke with Salesforce CEO Marc Benioff on Mad Money Wednesday, and Cramer was left feeling pretty bullish on the stock. 

"Salesforce is such a buy here," Cramer told Action Alerts PLUS senior analyst Jeff Marks. 

Cramer said the Slack deal puts Salesforce in a position to capitalize on the hybrid work environment, which Cramer said is here to stay. 

But what of Benioff? While there has been much talk of the level of engagement the CEO is providing Salesforce, Cramer says Benioff is and will be instrumental in the company's success, particularly following the close of the Slack deal. 

"Marc has been able to digest acquisitions better than anyone else," Cramer said. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 7/22/21

Salesforce is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio. Find out how the AAP team is approaching the stock here. 

Related Videos