“Claude Just Saved Salesforce Stock.”
Salesforce is undervalued; trading below historical median multiples despite recent gains.
Salesforce just reported earnings and the stock is up 25% on the week. Its 22.5% post earnings pop was one of the best days in the history of Salesforce stock.
Revenue is up 11% year-over-year and adjusted earnings per share came in at $5.90 for the quarter, which was up 103% year-over-year. But that's not why Salesforce stock was up.
There's actually some hidden details you need to know about that earnings beat.