Salesforce Inc

CRM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$442.00	Cxkg	Bbnbcgwf

Salesforce Earnings: Margins Shine As New Signs of Pressure Remove Some Luster

Dan Romanoff

Jun 1, 2023

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.

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