We've been bearish on 
CRM for the past few months as software has sold off in light of the AI disruption that is about to hit markets. Salesforce is down around 25% since our initial short note in August last year.
We think its probably a good time to lock in some profits at current levels, where we think the stock could start to find some support and potentially attractive value investors who have been on the sidelines. Particularly as the broader market continues to rally.
Salesforce has made some interesting announcements in recent weeks. These include decoupling the front-end user interface from the backend data/logic, allowing developers to use Salesforce as a raw data engine, powering custom experiences via APIs.
It could be a major pivot in the right direction.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
CRM for the past few months as software has sold off in light of the AI disruption that is about to hit markets. Salesforce is down around 25% since our initial short note in August last year.We think its probably a good time to lock in some profits at current levels, where we think the stock could start to find some support and potentially attractive value investors who have been on the sidelines. Particularly as the broader market continues to rally.
Salesforce has made some interesting announcements in recent weeks. These include decoupling the front-end user interface from the backend data/logic, allowing developers to use Salesforce as a raw data engine, powering custom experiences via APIs.
It could be a major pivot in the right direction.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
The Blueberry Team
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.