Explore the latest developments concerning Salesforce’s Stock Is.
Salesforce’s Stock Is Historically Cheap as AI Risk Takes a Toll
(Bloomberg) — Salesforce Inc. shares have never been cheaper, but investors still aren’t buying amid rising fears about artificial intelligence eroding the company’s growth prospects.
The maker of customer relationship management software reports earnings after the bell, and has recently pointed to better times ahead, forecasting double-digit revenue growth in the coming years. However, Wall Street isn’t optimistic that the results will do much to alter the cautious narrative surrounding the stock.
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“We need a change in sentiment for investors to take a look, and that will be driven by stability and an improvement in topline growth,” said Hilary Frisch, senior research analyst at ClearBridge Investments.
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