Salesforce Stock Is a Serious Long-Term Value Right Now
Cloud computing pioneer Salesforce.com (NYSE: CRM) put the final touches on a great 2022 fiscal year (the 12 months ended in January 2022) to little fanfare. The stock price has barely budged and remains close to its 52-week low, down over 30% from its all-time high.
Salesforce has been caught up in the high-growth tech sell-off spurred on by the Federal Reserve's promise to begin hiking interest rates this year. Nevertheless, the digital transformation leader keeps upgrading expectations for the year ahead and remains on course to hitting co-founder and CEO Marc Benioff's goal of reaching $50 billion in annual revenue in just a few more years. Shares look like a great value right now.
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Source Fool.com
