Key insights
- An analyst expresses a strongly bearish outlook on Salesforce (CRM) stock, citing a lack of innovation, frequent layoffs, and an inability to acquire new customers as key concerns. The opinion suggests that the company's current strategy is unsustainable and that emerging startups are likely to outperform Salesforce in the coming years, potentially leading to a significant stock price decline.
I have no position but i follow the stock and have had experience from the inside but it seems like this stock is going to tank the company faster than the ceo and their lackluster innovation. I just don’t see how it bounces back. They are laying off people every other month and buying companies, offshoring and still losing value. They’re not getting any net new customers. Its a shame what could have been but i also think they’re laying off the people that will ultimately cause their demise as startups gain more steam in the next year or two.