Salesforce Earnings: Surprise, Surprise, Buy This Stock Now

Summary:

  • Salesforce comes out with impressive GAAP EPS guidance.
  • Salesforce demonstrates that it has listened to investors’ concerns.
  • Altogether, the stock is priced at 73x forward GAAP EPS. But here’s why this is a compelling valuation.

Business Leaders Speak At Fortune Global Forum In San Francisco

Justin Sullivan

Investment Thesis

Salesforce (NYSE:CRM) positively delighted investors with its very strong fiscal Q4 2023 non-GAAP EPS figure. But what truly got investors excited was Salesforce’s GAAP guidance. Yes, actual “real” GAAP guidance, which points to $2.61 EPS at the high end.

CRM revenue growth rates

CRM revenue growth rates

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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