Salesforce Stock: Bear vs. Bull
Salesforce (NYSE: CRM) posted its latest earnings report on Aug. 30. For the second quarter of fiscal 2024, which ended on July 31, the cloud software giant's revenue rose 11% year over year to $8.59 billion and surpassed analysts' expectations by $70 million. Its adjusted EPS jumped 78% to $2.12 and cleared the consensus forecast by $0.24 per share.
Those headline numbers were impressive, but Salesforce's stock only rose 3% the following day and remains nearly 30% below its all-time high. Let's review the bear and bull cases to see if it's still a worthwhile long-term investment.
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Source Fool.com
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