Shares of Salesforce (NYSE: CRM) were up as much as 3.5% Thursday morning. By 1:22 p.m. ET, it had given back some of those gains, up 1.7%.

The company held its annual investor day on Wednesday, where management updated its strategy and long-term growth opportunities. Worries over the economy and higher interest rates have sent the stock down 41% year to date, but the presentation yesterday was a good reminder of how much room Salesforce still has to grow. 

Gartner now sees Salesforce's total addressable market reaching nearly $300 billion by 2026, representing a compound annual growth rate of 13%. Management sees enormous potential to continue expanding its Customer 360 platform to specific industries. Over the last year, Salesforce's nonprofit and higher education business has grown from $2.9 billion to $3.8 billion, or about 50%.  

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Source Fool.com