CRM - The Ultimate Growth Stock to Buy With $5000 Right Now
2024-07-16 13:24:34 ET
Shares of Salesforce (NYSE: CRM) plunged in late May after the company announced its first-quarter results. However, the company has a number of growth initiatives in the works, while it has yet to see the potential benefits of artificial intelligence (AI) .
Let's take a look why Salesforce shares fell and why it currently may be the ultimate growth stock to buy with $5,000.
Salesforce felt pressure in the first quarter, which showed up in weaker-than-expected revenue and current remaining performance obligations (CRPO) growth that fell below the analyst consensus for both metrics. CRPO is a metric used by sales-as-a-service (SaaS) companies that measures invoices that are expected to be recognized over the next year. It is an indicator of future growth.
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The Ultimate Growth Stock to Buy With $5,000 Right Now