Stock

Salesforce stock has jumped 13% in the last 5 days: here is where you can buy the stock

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

Today we announced Q4 and FY22 results and shared FY23 guidance.

See the full earnings report: https://t.co/WTA3KzRW2J

— Salesforce #TeamEarth (@salesforce) March 1, 2022

Salesforce $CRM Stock Gains on Earnings Beat, Analyst Sees ‘Healthy Beat and Raise Quarters’ in 2022 https://t.co/x4dy0Eogv7 pic.twitter.com/rkuhYu2M99

— Streetinsider.com (@Street_Insider) March 2, 2022

The post Salesforce stock has jumped 13% in the last 5 days: here is where you can buy the stock appeared first on Invezz.

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