After a 32% Reckoning In Shares, Investors Are Calling The Salesforce Bottom. It’s Time To Rally | CRM

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By Austin Smith Published

Quick Read

  • Salesforce (CRM) beat Q3 earnings by 14% with 35% YoY EPS growth. Retail sentiment surged from bearish 22 to 72.

  • Salesforce trades at 17x forward earnings. Analysts project 44% upside to $329.65 with 44 of 58 buy ratings.

  • Adobe (ADBE) dropped 53% from 2024 highs while Salesforce stabilized near $227 support level.

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After a 32% Reckoning In Shares, Investors Are Calling The Salesforce Bottom. It’s Time To Rally | CRM

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Shares of Salesforce (NYSE:CRM | CRM Price Prediction) are trading at $229.86, down 31% over the past year, yet retail investor sentiment has surged to a bullish 72 out of 100 on social platforms like Reddit and X. The disconnect between price action and online sentiment reflects a growing conviction that the cloud software giant’s decline has created a rare buying opportunity.

The sentiment shift is striking. Just days ago on January 17, Salesforce’s social sentiment score plummeted to a bearish 22 as posts like “Next time you’re told to buy Salesforce $CRM, think again” dominated r/investing with over 280 upvotes. The post’s author wrote: “Next time you’re told to buy Salesforce $CRM, think again” and questioned the company’s AI strategy. Within 36 hours, however, sentiment reversed sharply. By January 22, bullish posts on r/wallstreetbets drove the score to 72, where it remains today.

Photo of Austin Smith
About the Author Austin Smith →

Austin Smith is a financial publisher with over two decades of experience in the markets. He spent over a decade at The Motley Fool as a senior editor for Fool.com, portfolio advisor for Millionacres, and launched new brands in the personal finance and real estate investing space.

His work has been featured on Fool.com, NPR, CNBC, USA Today, Yahoo Finance, MSN, AOL, Marketwatch, and many other publications. Today he writes for 24/7 Wall St and covers equities, REITs, and ETFs for readers. He is as an advisor to private companies, and co-hosts The AI Investor Podcast.

When not looking for investment opportunities, he can be found skiing, running, or playing soccer with his children. Learn more about me here.

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