Why Salesforce Stock Looks Quite Undervalued

Close-up of Salesforce Tower sign with logo visible against a backdrop of skyscrapers, San ... [+] Francisco, California, August 20, 2024. (Photo by Smith Collection/Gado/Getty Images)Gado via Getty ImagesSalesforce stock (NYSE: CRM) has lost 6% YTD, as compared to the 16% rise in the S&P 500 over the same period. Overall, at its current price of $248 per share, it is trading roughly 20% below its fair value of $307 – Trefis’ estimate for Salesforce’s valuation. CRM stock has been on an upward trajectory in ...