Salesforce Buy Alert: CRM Stock Is a Steal at Current Valuations
CRMsalesforce(CRM) Investor Place·2024-08-16 19:05

Salesforce (NYSE:CRM) stock had touched highs of 319atthebeginningofMarch.Therehasbeenasharpcorrectionof20319 at the beginning of March. There has been a sharp correction of 20% from those highs and CRM stock currently trades at 254. In my view, the correction presents a golden opportunity to consider exposure to this value creator. This column discusses the reasons to be bullish on CRM stock with an investment horizon of three to five years.Coming to valuations, CRM stock trades at a forward price-to-earnings (P/E) ratio of 25.7x. This is cheap considering the ...