Salesforce Is Undervalued Despite A Democratizing AI Market
CRMsalesforce(CRM) Seeking Alpha·2024-06-06 13:13

blackdovfx/iStock via Getty Images Salesforce Dropped 20% After Q1 Earnings I covered Salesforce (NYSE:CRM) for the first time in February, and I put out a Buy rating, even though I warned of the valuation risk and mentioned that a smaller allocation might be wiser due to potential volatility in AI stocks to come. Now, after Q1 fiscal 2025 earnings, the stock has dropped ~20% in price. The company missed its revenue estimate by $13.38 million; even though revenue for the period increased 11% YoY and free ca ...