Salesforce Inc

CRM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$573.00	Qhrw	Vrdnpfcg

Salesforce Earnings: Strong Margins, Share Buybacks, CRPO Growth Drive Good Quarter

Dan Romanoff

Aug 31, 2023

Salesforce delivered another good quarter with revenue and profitability ahead of our expectations. Based on quarterly upside and updated guidance, we refined our model toward slightly better profitability, and as a result we raise our fair value estimate to $255, from $245. We still see some upside from here for shares.

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