CRM - Salesforce Stock: Buy The Dip
2024-07-13 05:37:35 ET
Summary
- The market's recent negative reaction to Salesforce's 1Q FY2025 revenue miss is likely a classic overreaction, making CRM's stock undervalued.
- Despite a recent stock price drop, Salesforce's revenue growth and margins remain stable, with potential for future growth through AI integration and international expansion.
- I recommend buying the dip in CRM stock for medium-term investment potential, estimating a 15% annual growth over the next 5 years.
- Currently, the CRM stock is above its 200-week moving average and is trying to hold the 52-week moving average - if it manages to do so, I believe the stock will move higher.
- I decided to issue a "Buy" rating today, calling for buying the dip in CRM stock.