I just picked up a few shares on the dip...first time buyer. I see a potential for 20% upside relative to its intrinsic value. The next earnings report in September will confirm a concerning downward trend or indicate this past quarter is just a bump in the road. If the numbers fall below expectations in the next report, then it may be time to cut your losses.
As someone who works in enterprise cloud tech, understands the consumption patterns of cloud products better than 99% of people, and called Slack an internal version of Salesforce before Salesforce acquired it, I believe Salesforce is awfully bloated and lacks value still at this price point. They lack the factors of other cloud providers from an economies of scale, picks and shovels approach towards the hyperscaler AI growth that the other big players have. Salesforce is not innovating and seems like people buying now are buying very late to a party that will only get smaller
Salesforce thrives on unproductive customers who will not only buy their software but also pay for support. However, now with AI the need for customer service is falling real quick. Anyways, never liked the company and some of my friends who work for them seem to hate the job. So no surprises here.
I just picked up a few shares on the dip...first time buyer. I see a potential for 20% upside relative to its intrinsic value. The next earnings report in September will confirm a concerning downward trend or indicate this past quarter is just a bump in the road. If the numbers fall below expectations in the next report, then it may be time to cut your losses.
As someone who works in enterprise cloud tech, understands the consumption patterns of cloud products better than 99% of people, and called Slack an internal version of Salesforce before Salesforce acquired it, I believe Salesforce is awfully bloated and lacks value still at this price point.
They lack the factors of other cloud providers from an economies of scale, picks and shovels approach towards the hyperscaler AI growth that the other big players have.
Salesforce is not innovating and seems like people buying now are buying very late to a party that will only get smaller
@@mitchellblair3935 Glad to hear your perspective on Salesforce. You could be absolutely correct, and it will continue to lose market share over time.
Great insights
Salesforce thrives on unproductive customers who will not only buy their software but also pay for support. However, now with AI the need for customer service is falling real quick. Anyways, never liked the company and some of my friends who work for them seem to hate the job. So no surprises here.
It’s a great day to buy Salesforce!
Automated Interface.
Get with AI.
Rishi is a joke 😅