Salesforce: I Warned About The AI FOMO – But I’m Buying Now (Upgrade)


  • I warned about the extreme optimism on CRM stock in December 2023. My caution has panned out.
  • Salesforce’s AI monetization may take longer than expected, but the company remains confident in its long-term potential.
  • Now, the market has become too pessimistic about CRM’s growth potential, with a forward adjusted PEG ratio of just 1.2.
  • I argue why I’m a buyer at the current levels, as the AI FOMO has dissipated.
Salesforce Building, Tysons Corner, Virginia (<a href='' _fcksavedurl='' title='Liberty All-Star Equity Fund'>USA</a>)

John M. Chase

My Caution On Salesforce Stock Panned Out

I cautioned Salesforce, Inc. (NYSE:CRM) investors to be wary about chasing a further rally in CRM as I assessed that the optimism was getting too frothy. In my CRM stock update

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CRM, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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