CRM - 3 Reasons to Buy Salesforce Stock Like There's No Tomorrow
2024-06-26 07:15:00 ET
Salesforce (NYSE: CRM) fell out of favor with investors this year, but this is now creating a compelling opportunity for new buyers. The company is navigating a major strategic shift as it enters a new phase of its corporate lifecycle. As investors process that shift, the stock's valuation ratios are now too cheap to ignore.
Salesforce was a high-growth rockstar for years, but it's settling into a more mature phase. The company's revenue growth rate is slowing as it moves closer to market saturation. That's a natural part of the corporate maturation process, and businesses generally slowly shift their focus from expansion to profitability as they achieve scale. That can be a complicated process in the stock market as growth investors give way to value-oriented investors who have different goals and risk tolerance.
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3 Reasons to Buy Salesforce Stock Like There's No Tomorrow