Salesforce stock (CRM) has been on a bullish trend for the last five days and it continued with the trend today by registering a 0.72% gain after Salesforce reported its Q4 earnings that besides falling from the previous year’s earnings beat analyst estimates.
Investors are however optimistic, especially following the recent acquisition of Slack in July last year.
To help stock traders eying the Salesforce stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is Salesforce stock?
Salesforce stock is the stock of Salesforce.com, Inc., and it trades on New York Stock Exchange under the ticker NYSE: CRM.
In a nutshell, Salesforce is an American cloud-based software company. It is headquartered in San Francisco, California.
Salesforce provides customer relationship management service and enterprise applications focused on analytics, customer service, application development, and marketing automation.
Should I buy the CRM stock today?
If you are looking for a cloud-based software company to invest in, Salesforce could be a good choice.
Nevertheless, the reduced revenue from its last quarter’s report could be a concern.
CRM stock price prediction
Despite the decline in revenue, analysts are still upbeat about the CRM stock and most expect the stock to hit $220 by end of March
Salesforce social media coverage
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