Key Takeaways

• Salesforce stock trades at 11x forward earnings and Workday stock at 10x, both near multi-year lows after selloffs exceeding 30% from their peaks.
• TIKR’s model targets around $291 for Salesforce stock at roughly 15% annualized versus around $194 for Workday stock at roughly 12%, a gap that reflects Salesforce’s more mature margin profile.
• Salesforce stock’s operating margins have reached 22-24%, while Workday stock’s have climbed from 5% two years ago to 13% today, with significantly more runway ahead.
• The Rule of 40 scores Salesforce at roughly 35 and Workday at roughly 26, with Workday’s score improving faster.

Pull up Salesforce stock and Workday stock side by side on TIKR to see how their…