Buying The Dip In Salesforce? Redditors Warn Against Catching The Falling Knife, Give 5 Reasons It Might Be 'Dead Money'
Portfolio Pulse from Surbhi Jain
Salesforce Inc (NYSE:CRM) experienced a 20% stock drop after a disappointing quarter. Reddit users on r/stocks caution against buying the dip, citing slowing revenue growth, competition, management issues, dependency on interest rates, and limited growth potential. Concerns also include Salesforce's per-head fee structure and heavy advertising spend.
May 31, 2024 | 6:53 pm
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Salesforce's stock dropped 20% following a disappointing quarter with weak revenue and guidance. Reddit users warn against buying the dip, citing slowing revenue growth, competition, management issues, dependency on interest rates, and limited growth potential.
The 20% stock drop is significant and reflects investor concerns over Salesforce's performance. The Reddit users' points about slowing revenue growth, competition, and management issues add to the negative sentiment. These factors suggest a bearish outlook in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100