- Salesforce's mission unity around the cloud warrants a price premium over its peers who are wholly or partially phasing out legacy client/server delivery models.
- On top of the cloud migration trend, Salesforce is well-positioned to benefit from business automation trends accelerated by the pandemic.
- The temporary dip in EPS next quarter concerning the extraordinary expenses tied to Slack M&A is already priced in and compensated by management record of successful business integration.
- Despite trading at record highs, Salesforce's valuation is in line with the industry average.
For further details see:
Salesforce: Bullish On Cloud Mission Unity