Revising Price Target for Salesforce Post Earnings Report and Guidance Update
Thursday, 30 May 2024, 00:37
Key Points:
We believe the sell-off on Wednesday after Salesforce's mixed earnings and soft guidance has been overdone. Stocks face challenges when growth slows down and may not be rewarded accordingly.
- Key takeaway: Market reaction not aligned with actual performance.
- Effect: Investors should approach the situation with caution.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.