bullish
Salesforce Inc (CRM) - Thursday, May 30, 2024
SUMMARY
- Salesforce's stock price has declined by 21% to $214 after slightly lowering guidance for the year, presenting a potential buying opportunity for investors.
- The company is facing challenges in a more cautious post-Covid buying environment, but recent changes to the go-to-market organization are expected to drive productivity improvements in the future.
- Despite these challenges, Salesforce's core business remains strong, with potential for the stock to compound at 15-24% over the next five years, offering a mid-point IRR of 20% with conservative assumptions.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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