Jim Cramer on Salesforce: “Haters Will Be Haters, But I Think It’s Fine”

CRM +1.05%

Salesforce, Inc. (NYSE:CRM) is one of the stocks Jim Cramer recently talked about. Noting that the stock is trading near its 52-week low, a caller sought Cramer’s opinion on CRM. Here’s what he had to say in response:

“Okay, I think that the disaster is now priced in, whatever disaster there might be. And I’m not going to abandon Salesforce down here at $230. The haters will be haters, but I think it’s fine.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

Salesforce, Inc. (NYSE:CRM) provides CRM-focused tools that help businesses manage customer interactions, use AI agents, analyze data, collaborate, and run marketing, commerce, and field service operations. During the October 17 episode, Cramer showed positive sentiment toward the stock’s long-term price movement, as he commented:

“Still for me, the mere announcement of this ambitious revenue target felt like a turning point for Salesforce. As an extremely frustrated long-term shareholder in this one, it was very encouraging to finally get a break from what’s felt like a constant drumbeat of negativity this year, at least from the analysts. Bottom line: After spending the week in San Francisco, much of that time at Dreamforce, I’m feeling a lot more sanguine about Salesforce’s stock than I was last Friday.

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Disclosure: None. This article is originally published at Insider Monkey.