Salesforce stock dropped 21.6% after missing the revenue consensus for the quarter and posted lower-than-expected guidance numbers for Q2 and full year FY 2025. It is currently trading 27% below its fair value of $298 - Trefis' estimate for Salesforce's valuation.
The performance of CRM stock with respect to the index has been volatile, with returns of 14% in 2021, -48% in 2022, and 98% in 2023, underperforming the S&P 500 in 2021 and 2022. Consistently beating the S&P 500 has been difficult for individual tech stocks.
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