CRM Outlook: Why Salesforce Stock Will Rebound Down the Road
CRMsalesforce(CRM) Investor Place·2024-06-12 02:48

A near-perfect storm of negative catalysts caused Salesforce (NYSE:CRM) stock to plunge after reporting its first-quarter results on May 30. The shares are likely to stay weak for some time due to the Street’s current aversion to software names in general and Salesforce in particular. Nonetheless, the company’s valuation is quite undemanding at this point, its operating cash flow is rapidly increasing, and it should get a significant bump from the artificial intelligence (AI) boom over the longer term. What ...