Salesforce Stock Plunges 40% in 2022
The second-worst performer in the Dow
Shares of Salesforce CRM have plunged about 40% so far in 2022. That makes it the second-worst performer in the Dow Jones Industrial Average, trailing only chip maker Intel. The stock has been under pressure all year as investors have worried about the company's slowing growth and rising competition.
What's next for Salesforce?
Analysts are mixed on what's next for Salesforce. Some believe that the stock is undervalued and that it is a good buying opportunity. Others are more cautious, citing the company's challenges.
Salesforce is scheduled to report its earnings on May 25th. Investors will be looking for any signs of improvement in the company's growth rate and profitability.
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