CRM - Salesforce: Buy The Drop - A Rare Buying Opportunity
2024-06-05 11:08:36 ET
Summary
- Salesforce, Inc. stock experienced a significant drop after its earnings report, creating a buying opportunity.
- Despite the minor revenue miss, Salesforce remains a high-quality company with growth potential and an attractive valuation.
- The market overreacted to slightly softer guidance, but Salesforce has a track record of beating estimates and has long-term growth potential.
Salesforce, Inc. ( CRM ) stock cratered after its " worse-than-expected earnings ," dropping by over 20% in a single session. This dynamic resulted in a one-day market cap meltdown of about $50 billion and CRM's stock (peak to trough) loss of roughly 33%. This extreme overreaction to a 0.2% revenue miss and slightly softer guidance has created a considerable buying opportunity in CRM's stock. ...
Salesforce: Buy The Drop - A Rare Buying Opportunity