Salesforce Shares at 3.5-Year Low After $27B Buyback; Charts Signal Drop to $100
CRM•Salesforce shares have plunged to a three-and-half-year low, down 43% year to date and 10% over five sessions despite Q3 adjusted EPS of $3.88 on $11.13 billion revenue and a $27 billion repurchase reducing shares by 10%. Technical analysis forecasts a slide from $150 toward $100 before a bullish reversal.
1. Steep Decline in Share Price
Salesforce shares have slumped to a 3.5-year low after falling roughly 43% year to date and shedding about 10% in the past five trading sessions, marking the worst performance in the Dow Jones Industrial Average.
2. Q3 Earnings Beat and Buyback
In Q3, adjusted EPS reached $3.88 versus a $3.12 expectation, with revenue at $11.13 billion topping the $11.05 billion consensus. The company deployed $27 billion on share repurchases, trimming its outstanding share count by about 10%.
3. Guidance, Acquisition, and Investor Skepticism
Full-year revenue guidance midpoint of $46.05 billion came just below the $46.12 billion outlook, while Q4 revenue targets of $11.27–$11.35 billion also edged below forecasts. Concerns persist over AI revenue contributions and the $3.6 billion acquisition of AI agent firm Fin.
4. Technical Analysis Forecast
Using Elliott Wave analysis, the stock’s drop from a late-2024 peak of $369 to $150 is seen as part of an A-B-C correction, with charts projecting a further decline toward $100 before a potential bullish reversal.
