After a 32% Reckoning In Shares, Investors Are Calling The Salesforce Bottom. It’s Time To Rally | CRM
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…
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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.
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Austin Smith is a financial publisher with over two decades of experience as an investor, analyst, and advisor. He covers stocks, ETFs, Artificial intelligence and personal finance for 24/7 Wall St. Previously, he spent over a decade at The Motley Fool as a senior editor for Fool.com, portfolio advisor for Millionacres, and launched The Ascent to help reader take control of their personal finances.
His work has been featured on Fool.com, NPR, CNBC, USA Today, Yahoo Finance, MSN, AOL, Marketwatch, and many other publications. He is as an advisor to private companies, and co-hosts The AI Investor Podcast with Eric Bleeker.
When not looking for investment opportunities, he can be found skiing, running, or playing soccer with his children. Learn more about Austin's investment approach here.
