Salesforce Inc
CRM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$284.00 | Crfj | Jsfdzrs |
Salesforce Earnings: Margins Shine As New Signs of Pressure Remove Some Luster
Salesforce continues to impress, with another strong quarter with revenue and profitability ahead of our expectations. We fine-tuned our model over the next couple of years with profitability moving tad higher, offset by slightly lower growth, resulting in an unchanged fair value estimate of $245. Shares look attractive especially in light of the modest selloff in the aftermarket, and the stock remains one of our top picks.