Salesforce: Great Time For A Contrarian Buy Position As PEG Ratio Approaches 1x (Rating Upgrade)
CRMsalesforce(CRM) Seeking Alpha·2024-06-15 02:18

Rosangela Perry/iStock Editorial via Getty Images With the market continuing to dance around all-time highs, I continue to favor contrarian positions that go against the general market take. My goal in buying potential rebound plays is to reduce correlation to broader market swings, and to me, Salesforce (NYSE:CRM) is approaching buy territory. Year to date, shares of Salesforce have lost more than 10% of their value, dramatically underperforming both the S&P 500 as well as other tech companies. Despite the ...