Not long ago, enterprise customer relationship management (CRM) software provider Salesforce (NYSE:CRM) was a darling of the technology sector. In 2020, during the height of the COVID-19 pandemic, Salesforce celebrated its in the prestigious 30-member Dow Jones.
Back then, it wouldn’t have been difficult to convince people that Salesforce stock is one of the best assets to hold for the next 10 years. Lately, however, the tide of sentiment has turned against Salesforce. So, is the cloud software giant on the brink of collapse?
Anything is possible, but value-focused traders and contrarian investors should consider the CRM stock rout as a buying opportunity.
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