3 Reasons to Buy Salesforce Stock to Kick Off 2022
Salesforce.com (NYSE: CRM), one of the pioneers of cloud computing software, has been punished following its third-quarter earnings update. This comes in spite of the company beating the expectations that had investors feeling so optimistic just a month ago. Still, shares are down over 15% from their all-time high. I'm buying the dip here to get ready for 2022. Here's why.
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It would be easy to blame this most recent sell-off in Salesforce stock on the omicron variant of COVID-19, but the drop actually deepened following the fiscal 2022 third-quarter update (for the three months ended Oct. 31, 2021). In fact, Salesforce actually beat its own guidance, reporting revenue growth of 27% to $6.86 billion during the quarter.
Source Fool.com
